MakerDAO added renBTC and UNI as Dai collateral through executive voting and adjusted other parameters.

Executing voting records

Executing voting records

https://vote.makerdao.com/executive/collateral-onboarding-eth-b-dc-iam-other-changes?network=mainnet#proposal-detail

This executive vote also reduced the Dai borrowing rate for stablecoins (USDC-A, TUSD-A, PAXUSD-A, and GUSD-A) to zero. This move is coming soon for the communityPSM (stable currency and Dai 1:1 swap) moduleprepare for.

In addition, YFI raised the upper limit of Dai to 30 million Dai, and increased the interest rate from 4% to 10%.

renBTC Risk Parameter Details

• Collateral auction maximum duration: 6 hours

• Interest on borrowing Dai: 6%

• Liquidation mortgage rate: 175%

• Liquidation Penalty: 13%

• Initial generation of Dai minimum amount: 500 Dai

• 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

Learn about renBTC 👉renproject.io

UNI Risk Parameter Details

• Debt ceiling: 15 million Dai

• Collateral auction maximum duration: 6 hours

• Liquidation mortgage rate: 175%

• Liquidation Penalty: 13%

• Initial generation of Dai minimum amount: 500 Dai

• 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

Learn about UNI 👉uniswap.org

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