Maker Monthly Progress: Official Closing of the Single-mortgage Sai System
April is a non-stop month for Maker. Maker planOfficial shutdown of the single-collateral Sai system、Extended Dai Collateral Types,roll outMaker Improvement Proposals (MIPs), announcedThree Cornerstones of Full Decentralization of Maker Governance. Meanwhile, the Maker Foundation welcomed two new board members.
Before we get into the details, let’s take a look at the latest data on Multi-Collateral Dai:
Total Dai: 110 million
The total amount of mortgaged ETH to borrow Dai: 97.21 million (87.4%)
Mortgage BAT to borrow Dai amount: 430,000 (0.39%)
Mortgage USDC to borrow Dai amount: 13.4 million (12.04%)
Mortgage WBTC to borrow Dai amount: 70,000 (0.06%)
Mortgage ETH, BAT, USDC to borrow Dai Stable rate: 0%
Dai Deposit Rate: 0%
Dai Deposit Rate: 0%
Total Dai in DSR: 17.58 million (15.8%)
Total Vaults: 8869
Maker Forms New Board of Directors
The Maker Foundation's new Board of Directors is comprised of Rune Christensen, Maker Co-Founder and Foundation CEO; Steven Becker, Maker Foundation COO and Chairman; Tonya M. Evans, Associate Dean for Academic Affairs and Professor of Law at the University of New Hampshire Franklin Pierce School of Law; Formed by Shefali Roy, Chief Operating Officer and Chief Compliance Officer. The addition of two external members of the Foundation will help drive the next phase of Maker's growth and guide Maker towards full decentralization in a transparent manner.
The Complete Guide to Dai Data
The complete transparency of the Maker Protocol means anyone can explore, mine, and audit the data and health of the system. The Dai statistics website (Daistats.com), sort out the important Dai data indicators, throughThe Complete Guide to Dai DataLearn more about the introduction and significance of various data indicators of the Maker protocol on the Dai statistics website.
Single-Collateral Sai is Officially Closed
Gradually shutting down the single-collateral Sai legacy system has been part of Maker's governance plan since Maker's successful launch of multi-collateral Dai. On April 24, 2020, MakerDAO launched an executive vote and decided to officially close the single-collateral Sai system on May 12. CheckThe Complete Guide to the Official Shutdown of Single-Collateral Sai。
Three cornerstones of decentralization
In order to realize the complete decentralization of Maker governance, and realize self-sustainable operation step by step. The Maker Foundation announces plans to achieve sustainable self-operationThree Key Elements of a Decentralized Autonomous Organization (DAO) Plan：
Elected Paid Contributors and Domain Groups
Maker Improvement Proposal
voting representative
Maker Improvement Proposal
On April 6, the Maker Foundation launched to the communityFirst batch of 13 Maker Improvement Proposals (MIPs)governance update
governance update
Through a series of governance polls and executive votes in April and early May, MakerDAO officially added WBTC as Dai collateral. The stable fee rate for borrowing Dai with ETH, BAT, and USDC is set at 0%, the stable fee rate for Dai with WBTC is set at 1%, and the interest rate for Dai deposits is set at 0%.
Voting History:
May 02:product integration
product integration
HashKey Hub provides users with convenient Dai asset storage and management services.
Redeeem, the discount gift card redemption platform, supports Dai.
QuarkChain cryptocurrency wallet QPocket now supports the stablecoin Dai and integrates with Oasis.app.
community activity
community activity
On April 8, Maker Foundation CEO Rune became the first guest on Camila Russo’s Defiant podcast:
On April 21, Rune discussed Maker’s future plans for decentralization on the POV Crypto podcast:
https://povcryptopod.libsyn.com/
On April 22, Rune talked to Cointelegraph about how Maker can improve the stability of Dai, and predicted that DeFi will eventually merge with CeFi in the future.
From April 18th to 19th, MakerDAO sponsored the FIFA20 Charity Online Tournament co-hosted by stars Paulo Dybala and Diego Schwartzman in conjunction with SatoshiTango, LVP, and the Argentine Red Cross, and accepted donations from Dai.
On April 1, Nikolaj Lollike, head of technical integration at Maker, participated in an online roundtable with members of PwC, EtoroX, and Aryze, discussing the current status and development trends of blockchain and encryption technology.
On April 5, Mariano Conti, head of Maker's smart contract, delivered a speech at the NONCON 2020 online conference, introducing the growth of multi-collateral Dai in the past six months and the support it provides for the DeFi ecosystem:https://bit.ly/3dn4aMo
On April 9th, Kathleen Chu, head of the Japanese community of Maker, participated in an online seminar hosted by the Blockchain Collaborative Consortium, discussing the operating mechanism of the Dai and Maker protocols.
On April 14th, Jacek Czarneck of Maker's global legal advisory team, Philipp Sander, professor of the Frankfurt School of Blockchain, Dr. Fabian Schär of the University of Basel, Magnus Jones of Ernst & Young, and Rams Barathy of Future Wealth and Technology held a meeting Discuss whether DeFi will become the capital market of the future in an online roundtable.
On April 16, Nikolaj Lollike introduced Maker and Dai to 1,500 attendees during a virtual roundtable at the Blockdown 2020 conference.
On April 17, Gustav Arentoft, Head of European Business at Maker, participated in the first virtual conference organized by the Swiss Crypto Valley Association: Stablecoin Effects in the Time of COVID-19. Gustav introduced Dai to an audience of over 450 people from 60 countries and shared the latest on Maker's progress.
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