MakerDAO delegates approve GnosisDAO token as DAI collateral | https://t.me/CryptoMarketUpdates
MakerDAO delegates approve GnosisDAO token as DAI collateral
MakerDAO token holders and delegates have approved GnosisDAO (GNO) tokens as a new vault type for its multi-collateral DAI stablecoin system. A future executive vote will finalize the process of GNO becoming collateral for minting DAI.
Data from the voting page shows 91% approval for onboarding the GNO vault. The result means GNO is one step closer to being used as collateral for minting DAI — the stablecoin issued by the Maker protocol. The Maker governance already voted yes to the proposal in September. An executive vote in late December will be the final step in the process.
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