Everything you Need to Know about the New Multicolateral Dai

Key facts:
*Users can make a profit by saving their Dai and anchor the token to various cryptocurrencies.
*Maker will enter a period of grace on November 18 to migrate from the old token to the new one.

Soon the MakerDAO community will be able to issue stable cryptocurrencies backed by various financial assets, in addition to ether (ETH) the Ethereum token. The network developers have launched a new token, the multicolateral DAI (MCD), which will integrate this function into the Maker protocol.
Yesterday, November 15, MakerDAO authorities announced the implementation of this new version of token in the main network . In this way, they confirmed the beginning of an extensive migration process; an event that will allow users to exchange the possessions of the DAI that currently works on the network - known as Sai - for the new multicolateral Dai.
The new version of Maker will bring significant changes to the operation of the network. Also, users should be aware of all the details to migrate their possessions in Sai or CDP without major problems. This article will focus on explaining the most important points a Dai owner should know about the new Maker token.
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