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%.
C-Chain on Avalanch
Total Collateral Ratio (TCR)
Minimum Collateral Ratio (MCR)
The event was initiated by Stabilize and the result was reached after a Twitter Poll. This is an early example of community governance.