Trinito will support MCD(Multi-Collateral Dai)

Trinito
Trinito
Nov 1 · 2 min read

Trinito will support MCD(Multi-Collateral Dai)

  • [MCD] Support starts from: Exact date to be announced
  • [MCD] Supported functions: Deposit, Borrow
  • [MCD] Other information

Since we will start to support MCD, new deposit and borrow of DAI (current SAI) will be discontinued and only withdrawal and repayment will be available.

  • [SAI] Support discontinues from: Exact date to be announced
  • [SAI] Discontinued functions: Deposit, Borrow (Withdrawal and repayment will still be available)

※ Notice

  1. Prior to MCD launch, the vote for activating the system will proceed on Nov.15 by MakerDAO. Depending on the result of the vote, MCD support details may be subject to change.
  2. SAI supply within Trinito can decrease upon the support of MCD. Please be aware that SAI may be exposed to large fluctuations in deposit/borrow rates.

※ What is MCD(Multi-Collateral Dai)?

MCD is a USD pegged stablecoin that can be issued with a variety of collateral, unlike DAI (Single-Collateral Dai), which can be only issued with Ethereum as a collateral. The Maker foundation will officially provide the MCD swap contract and after a certain period of swap support, the responsibility of the remaining DAI will be determined by Global settlement. When Global settlement happens, the amount of ETH allocated per 1DAI is fixed according to the ETH price at that time. DAI can be exchanged at any time with a fixed amount of ETH.


Trinito will continue to support a variety of services for user’s convenience.

If you have any questions regarding service use, please refer to [FAQ] and [Terms and Policies]. In case of any further questions, please contact us at support@trinito.io.

Thank you.


Trinito

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Trinito

Safe blockchain reward wallet for multi-cryptocurrencies

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