Maker DAO (MKR) Booms on Growth in Users and Staking By Cryptovest

Maker DAO (MKR) Booms on Growth in Users and Staking

Maker DAO (MKR) had a field day on Friday, despite the price drop of (BTC) under $9,200. The MKR asset jumped by 9.52% ahead of the weekend, to $662.05. The asset is up more than 22.95% this week, as the vote on multi collateral DAI in the past week.

The launch of multi-collateral DAI is scheduled for November 18, with a gradual phasing out of the single-collateral dollar-pegged coin. The current issuance of DAI will be marked out as SAI and exchanged through a smart contract.

The hype surrounding multi-collateral lending lifted the usage of the Maker app significantly, show data from DappRadar.

This article appeared first on Cryptovest

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