At  22:25 UTC today, MKR holders made history, ratifying the collection of system parameters needed to activate Multi-Collateral Dai (MCD), and paving the way for its release on Monday, November 18.

The passage of this vote represents the culmination of five years of work and the combined efforts of Maker Foundation members, MKR holders, and everyone in the Maker community, from our newest individual members to our legacy supporters and partners. 

“It’s an exciting moment. The Maker community has done exactly what it set out to do,” says Rune Christensen, CEO of the Maker Foundation. “This vote not only marks a goal reached, but also signals the beginning of a new era of Maker Governance. MKR holders, including a lot of institutional stakeholders, have shown they are prepared to step up to the new level of governance activity. After the official release of MCD of Monday, MakerDAO, the Maker Protocol, and the DeFi ecosystem will enter a new, thrilling stage of sophistication.”

To gear up for Monday’s launch, users should prepare to migrate their Single-Collateral Dai (Sai) to Multi-Collateral Dai and review What to Expect With the Launch of Multi-Collateral Dai. 

Join the Maker Mission

To learn more about Maker, visit our website; to learn more about Multi-Collateral Dai, read our MCD-related blog posts; and to get involved in the Maker community, join in the conversations on the Maker Forum.