#collateral News

MakerDAO Releases Guidelines for Migrating Existing DAI to Multi-Collateral Contracts

September 23, 2019 by Ashwath Balakrishnan at Altcoins

Earlier this year, MakerDAO announced that they would be phasing in multi-collateral contracts. This would give users the ability to enter a Collateralized Debt Position (CDP) by using asset chosen by the community as collateral, instead of just ETH. The Foundation has rewritten the entire smart contract core, so this...

XRP-Backed Crypto Loans Now Offered by Nexo

October 25, 2018 by Priyeshu Garg at Altcoins, Blockchain, Finance, Investment, News, Platform, Tech

Cryptocurrency loans startup Nexo has announced that effective immediately, XRP is being added to the platform as a collateral option following the result of a community poll which indicated that more and more users are now holding XRP. In the announcement on its official blog on October 18, 2018, Nexo...