It would be great if you posted a video for demystifying the voting process and explain what happened
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Holders of the MKR token went to http://vote.makerdao.com and voted on a set of parameters that would ratify the launch of Multi-Collateral Dai. It needed to hit a certain threshold in order to be approved, that threshold was met.
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$MKR holders have spoken!Thanks. Twitter will use this to make your timeline better. UndoUndo
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What will be the role of maker token in mcd? Will it change from the current role?
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I believe none. The only change in the protocol I believe is the stability fee is now payable in Dai or MKR.
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Waiting for it
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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So, will we be able to use BAT as a collateral?
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Yes! The 3 collateral types for launch are ETH, BAT, and SAI (for migration purposes.) The initial debt ceiling for BAT will be 3MM, with a minimum collateralization ratio of 150%. These and other risk parameters were voted in by the community on Nov 11: https://vote.makerdao.com/polling-proposal/qmba2hpv3kcbjgzvlnv7xsogs3jenqdiqo3ffnktgqtepn …
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