Governance Polls: Ratifications
August 9, 2021
As a result of an Executive Vote that ended today, MKR holders have accepted KNC (Kyber Network) and ZRX (0x) as new collateral assets in the Maker Protocol. Both tokens can now be used to open Maker Vaults in order to generate Dai.
Prior to the vote, the Maker community discussed the merits of adding KNC and ZRX, as well as the appropriate risk parameters for the tokens (listed below), in the Maker Governance Forum.
KNC Risk Parameters
ZRX Risk Parameters:
The flexibility of the Maker Protocol means that almost any kind of asset that can be tokenized can be added as collateral in the system, as long as it has appropriate risk parameters and is approved by Maker Governance.
Adding KNC and ZRX to the list of collateral types is an exciting step. Users can now connect their wallets to Oasis Borrow and lock either type in a Maker Vault to generate Dai.