The MakerDAO community supported a proposal to add three new assets to support the production of DAI algorithmic stablecoin. These are Chainlink (LINK), Loopring (LRC) and Compound (COMP).
At the same time, the list of supported types of collateral has grown by 11 items since the beginning of the year. It also includes MANA, WBTC, ZRX, KNC, TUSD, PAX, USDC and USDT. The decision to add new assets is due to the developers' desire to keep the DAI price around $1.
Currently, the most in demand asset for the release of DAI is USDC. Its share accounts for $372 million in the total amount. Earlier, the MakerDAO community approved a proposal to reduce collateral requirements when using USDC. This is expected to bring more DAI to the market.
According to MakerDAO founder Rune Christensen, the project has no other way to affect the stability of the DAI rate than by adding new types of collateral. Initially, only Ethereum was used to provide DAI, but in November 2019, a new type of stablecoin was launched, which supports different types of collateral.
This approach has its downside. According to analysts' observations, 40% of assets used to provide DAI are centralized.