We are pleased to announce that the Kyber reserve has added support for 2 new tokens: Maker (MKR) and Distributed Credit Chain (DCC).
Learn how to use KyberSwap with our basic guide.
Listing information for MKR and DCC
- Listing date: October 29th, 2018
- Listing time: 9PM (GMT+8)
The MakerDAO system relies on two distinct tokens to create the DAI credit system. The Dai token (DAI) is a free-floating currency that is backed by collateral and pegged, currently, to the U.S. dollar. The Maker token (MKR) is a token that derives its value from the interest payments, called stability fees, which are paid by borrowers that create DAI tokens. To retrieve collateral, users repay the balance of DAI which they withdrew, along with an interest payment, called a stability fee, denominated in MKR.
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Kyber Network - Medium
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