The issuer of an Ethereum-based token MKR, Maker, has revealed its new "re-imagined" Multi-Collateral Dai (MCD) currency.
MCD was designed as a system that should help shape the future of commerce on the blockchain, the official announcement states.
Rune Christensen, Maker Foundation CEO claims MCD "can improve the lives of many people."
As the announcement states, in the MCD system, Vault owners pay Stability Fees in Dai.
"This means Single-Collateral Dai users must have MKR in their wallets to complete the migration to MCD," the announcement highlights.