MakerDAO Protocol’s DAI is the world’s first asset-backed decentralized stablecoin (pegged against the USD, 1 DAI = 1 USD) built on the Ethereum blockchain and the leading stablecoin of decentralized finance. Recently MakerDAO announced its protocol upgrade adding support to Multi Collateral DAI (MCD) which will enable users to mint DAI by keeping multiple cryptocurrencies such as ETH and BAT as collateral and DAI Saving Rate which enables users to earn interest on locking DAI in DSR Contract, the interest is paid from the MakerDAO’s stability fees.
About 93.60% of the supply has been migrated to DAI from SAI (Legacy DAI) and has 68.14% DAI Dominance. (Data taken from https://sai2dai.xyz/)
Frontier is excited to release its latest MCD and DSR integration! Now DeFi users can seamlessly track and view their MCD vaults and DSR positions without giving away their private keys in a non-custodial way.
With the launch of this feature, we are one step closer to our aim, of simplifying decentralised finance. Within two steps on the Frontier App, users are able to track their open positions on, Compound Finance, bZx protocol, UniSwap, Set Protocol and dYdX protocol.
📲Download the beta
Frontier beta is available on your nearest iOS and Android devices.
For support and frequent updates, do join the Frontier Wallet Telegram Group at https://t.me/frontierwallet
About MCD and DSR
MakerDAO’s Multi Collateral Dai enables users to mint DAI by keeping multiple crypto currencies such as ETH and BAT as collateral.
MakerDAO’s Dai Saving Rate enables users to earn interest on locking DAI in DSR Contract, the interest is paid from the MakerDAO’s stability fees.
Frontier is a Decentralised Finance wallet. It enables users to track, view and manage their positions across DeFi protocols, in a non-custodial way (without asking for their private keys)
Frontier ties all your addresses, wallets, and data, associated with DeFi and ERC20 tokens at one mobile app, bringing ‘DeFi at your fingertips’
Thank you, everyone, for reading this article! We at Frontier are committed to building the best DeFi Products for everyone, making it easy, and hassle-free to access #DEFI. Do not hesitate to ask us any questions, Join Frontier Community and follow us on Twitter to keep yourself in loop 24/7!