Stabilize will add DAI.e as new collateral at 2021/11/10 14:00:00 UTC.
After added, users will be allowed to mint stablecoin U.DAI by staking DAI.e. Given the stablecoin properties of DAI, TCR and MCR of this collateral are adjusted to 115% and 105% respectively, meaning that the capital utilization rate can reach 95%.
Details
Chain
C-Chain on Avalanch
Collateral
Total Collateral Ratio (TCR)
115%
Minimum Collateral Ratio (MCR)
105%
Borrowing Fee
1%
U.Token Name
U.DAI
Governance
The event was initiated by Stabilize and the result was reached after a Twitter Poll. This is an early example of community governance.
Links
Website: https://www.stabilize.fi
Docs: https://docs.stabilize.fi
Twitter：https://twitter.com/stabilize_fi
Telegram: https://t.me/StabilizeFi
Discord: https://discord.gg/c4gQgVrGGj
Github: https://github.com/Stabilizefi
