MakerDAO Adds ETH-B As Dai's Collateral Through An Executive Vote
MakerDAO stated on Weibo that it has officially added ETH-B (a standby ETH collateral type with different risk parameters) as Dai's collateral through an executive vote. The risk parameters are as follows: the debt ceiling is 20 million Dai, the Dai interest is 6%, the liquidation staking rate is 130%, initial Dai minimum amount is 100, the collateral auction limit is 50,000 Dai, the minimum bid increase for the collateral auction is 3%, each batch of collateral auctions lasts six hours, the maximum duration of collateral auctions is six hours, and the liquidation penalty is 13%. The vote will increase Dai's global debt ceiling from 1.456 billion to 1.476 billion.
