MakerDAO Announces Multi Collateral DAI Issuances
In a positive move for DeFi and the MakerDAO community, users will soon be able to collateralize six ERC-20 tokens, apart from ETH. The MakerDAO network will soon allow users to borrow DAI by posting collateral of any of the following six ERC-20 tokens: Golem (GNT), Augur (REP), Basic Attention Token (BAT), 0x (ZRX), OmiseGo (OMG), and DigixDAO (DGD).
As the number of assets on the network increases, the depth of independent risk teams participating in the governance process is hoped to grow in order to ensure the safety of users and efficiency are not compromised. By initially focusing on this first set of ERC-20 tokens, the Foundation can accelerate governance efforts at a steady pace, rather than suddenly enabling the use of a wide range of assets that could cause a security lapse.
