Today, a little over two years later, the Maker Foundation announces the publication of a fresh white paper that provides an overview of the updated Maker Protocol and its new features.

Today, at 16:00 UTC, Multi-Collateral Dai (MCD) launched!

The Maker Foundation Interim Governance Facilitator has placed an Executive Vote into the voting system, which will enable the community to ratify the collection of system parameters needed to activate Multi-Collateral Dai.

To ensure a smooth transition from SCD to MCD for everyone, we’ve created an Upgrade Timeline

MCD will introduce exciting new features to the Maker Protocol, including the much-anticipated Dai Savings Rate (DSR) and, of course, additional collateral asset types.

Moments ago, before a large crowd at DevCon 5 in Osaka, Japan, CEO of the Maker Foundation Rune Christensen revealed that Multi-Collateral Dai (MCD) is ready to launch on November 18.

Users and partners working with existing single-collateral Dai (or Sai) in the CDPs, or any other aspect of the Single Collateral Dai (SCD) system must upgrade to MCD upon its release.

In Multi-Collateral Dai (MCD), users will be able to lock-up Dai and think of the Dai Savings Rate as an earnings account for their crypto.

Today, we provide users of the Maker Protocol with an overview of the Emergency Shutdown process, including what Emergency Shutdown is, how it is initiated, and when.

Today, we begin to deliver on the latter by presenting documentation on Auctions and Keepers—two critical elements of the Maker Protocol.