Yesterday MakerDAO and OmiseGo have both published the announcements about mutual collaboration aiming to enable the next generation of financial tools on the blockchain. The OmiseGO is building a platform that provides a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time, and MakerDAO announced that its Dai cryptocurrency will be available on the OmiseGo network.
Dai is a cryptocurrency that is price stabilized against the value of the U.S. Dollar. Dai is created by the Dai Stablecoin System, a decentralized platform that runs on the Ethereum blockchain.
Maker and OmiseGO Partnership
According to the announcement, OmiseGo will be able to store value both in Dai and on the OMG network, and become a benchmark against which other things can be valued.
Soon, OmiseGo will release more information regarding multi-collateral Dai, as there will be a variety of collateral options that can be used in the creation of a Collateralized Debt Position. OmiseGo will be among the first of these multi-collateral options available for CDP creators.
At the moment of press, these are main market parameters of DAI:
- Average Price: $0,998006
- Market Cap: $21 242 181
- 24h Vol: $15 461 100