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Launched on the 26th of November, 2019, Multi-collateral Dai is the token from MakerDAO with the Dai Savings Rate (DSR) and additional collateral asset types. The original Dai token was renamed to Single-Collateral Dai (Sai) with the release of Multi-collateral Dai.
The Maker Protocol, also referred to as the Multi-Collateral Dai (MCD) system, lets users generate Dai via the leveraging of collateral assets that are approved by Maker Governance, the community organizing and operating procedures of managing the different aspects of the Maker Protocol. The collateral-backed cryptocurrency is decentralized and soft-pegged to the US Dollar.
After the original Dai token was renamed to Single-Collateral Dai (Sai), moving forward, the Multi-Collateral Dai token is called Dai. CDPs were also renamed and are now called Vaults. The old Dai, only supported ETH as collateral; the new launched Dai will support different collateral types. The specific tokens that will be available as collateral are determined by MKR voters and MakerDAO’s governance body.
