MakerDAO added LRC, COMP, and LINK as collateral for Dai through an executive vote.

LRC is Loopring's ERC20 Token, a decentralized transaction matching protocol based on the Ethereum blockchain. COMP is Compound's ERC20 Token, a mortgage lending platform running on the Ethereum blockchain. LINK is Chainlink's ERC20 Token, a distributed oracle solution that provides off-chain data to smart contracts.

Now, users can use theOasis.appExecuting voting records

Executing voting records

https://vote.makerdao.com/executive-proposal/approve-september-2020-governance-cycle-bundle--september-28-2020   

Debt ceiling: 3 million Dai

• Debt ceiling: 3 million Dai

• Liquidation mortgage rate: 175%

• Liquidation mortgage rate: 175%

• Liquidation Penalty: 13%

• Auction quota for each batch of collateral: 50,000 Dai

• Minimum bid increase for collateral auctions: 3%

• Auction duration for each batch of collateral: 6 hours

• Collateral auction maximum duration: 6 hours

• Liquidation Penalty: 13%

Learn about LRC 👉loopring.org

Debt ceiling: 7 million Dai

• Debt ceiling: 7 million Dai

• Liquidation mortgage rate: 175%

• Liquidation mortgage rate: 175%

• Liquidation Penalty: 13%

• Auction quota for each batch of collateral: 50,000 Dai

• Minimum bid increase for collateral auctions: 3%

• Auction duration for each batch of collateral: 6 hours

• Collateral auction maximum duration: 6 hours

• Liquidation Penalty: 13%

Learn about COMP 👉compound.finance

LINK Risk parameter details

• Debt ceiling: 5 million Dai

• Liquidation mortgage rate: 175%

• Liquidation mortgage rate: 175%

• Liquidation Penalty: 13%

• Auction quota for each batch of collateral: 50,000 Dai

• Minimum bid increase for collateral auctions: 3%

• Auction duration for each batch of collateral: 6 hours

• Collateral auction maximum duration: 6 hours

• Liquidation Penalty: 13%

Learn about LINK 👉chain.link

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