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MakerDAO: the closing of the single-mortgage Sai system poll has been passed and a vote will be taken on April 24th

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312 collapse, Sai difficult to achieve with the dollar's anchor. This prompted MakerDAO to consider closing the single-mortgage Sai as soon as possible and moving it to the multi-mortgage Dai system.

BlockBeats news, MakerDAO has issued an official announcement that the "shut down single mortgage Sai system" poll has been passed, and an execution vote will be held on April 24 for MKR holders to vote on whether to formally shut down single mortgage Sai system. If the vote is passed, the CDP holders and the Sai holders will go into global liquidation.

The phasing out of the single mortgage Sai has always been part of Maker's plan, according to the announcement, because multi-mortgage Dai already includes ETH and more asset types. On March 12, 2020, the cryptocurrency market experienced a sharp decline, single mortgage Sai faced the risk of insufficient mortgage, Sai difficult to achieve with the dollar anchor. This prompted MakerDAO to consider closing the single-mortgage Sai as soon as possible and moving to the multi-mortgage Dai system entirely.

Closing the single mortgage Sai has the following benefits:

Multi-mortgage Dai USES auctions to clear bad debts.

It eliminates the friction of paying the Sai with MKR.

Release more ETH to Dai in multi-mortgage system.

It can be officially closed. - & gt; Dai upgrades the channel.

Reduced future single mortgage Sai governance and risk management.

Source link:weixin.qq.com