MakerDAO's decentralized community has approved a governance proposal to expand its collateral options, officially adding Kyber Network Crystal (KNC) and 0x Protocol Token (ZRX) as eligible assets to back its stablecoin Dai. Meanwhile, six additional token proposals remain under vote, with three currently facing significant opposition.
KNC and ZRX Added as Collateral Assets
Per MakerDAO's official announcement, the governance vote passed yesterday, enabling users to lock KNC or ZRX in the Oasis Borrow platform to generate Dai starting today.
Token Overview
- KNC: The utility token of Kyber Network, a decentralized liquidity protocol for instant token swaps.
- ZRX: Powers the 0x Protocol, facilitating decentralized trading of Ethereum-based assets via off-chain order matching.
Risk Parameters
| Parameter | KNC | ZRX |
|-----------------|--------|--------|
| Collateral Ratio | 150% | 175% |
| Stability Fee | 1.5% | 2% |
Protocol Updates
The same governance vote adjusted key MakerDAO parameters:
- Increased Dai Savings Rate (DSR) and Base Rate by 0.25%.
Updated Stability Fees for existing collateral types:
- ETH-A: 0.25%
- BAT-A: 0.25%
- WBTC-A: 1.25%
- Full list in announcement.
👉 Learn how stability fees are calculated (Base Rate + Risk Premium).
Six Additional Tokens Under Vote
The community is currently voting on proposals to add:
- Likely to Pass: LINK, WKT, PAXG
- Facing Opposition: ENJ, LEND, MATIC
Voting concludes in 8 days. Historical data suggests proposals with >70% opposition rarely succeed.
FAQs
Q: How does adding collateral types benefit Dai?
A: Diversifying collateral increases Dai’s liquidity and adoption while distributing risk across assets.
Q: Can I vote on proposals without holding MKR?
A: No—only MKR token holders participate in governance votes.
Q: What’s the minimum collateralization ratio for KNC?
A: 150%. Falling below triggers liquidation.
Risk Disclosure: Cryptocurrency investments are volatile and high-risk. Conduct independent research before participating.
👉 Explore DeFi strategies with MakerDAO.
### Key SEO Elements Implemented:
- **Headings**: Hierarchical H2/H3 structure for readability.
- **Keywords**: "MakerDAO," "Dai collateral," "KNC," "ZRX," "governance vote," "DeFi," "stablecoin."
- **Tables**: Formatted risk parameters for quick scanning.