Users migrate more than 1 million of DAI in the early hours of the protocol multicolateral | Breaking News

During the first few hours from its activation, on the platform multicolateral DAI migrated more than 1,000,000 tokens of the previous version (SAI) to the new version of the criptomoneda anchored to the dollar or stablecoin, which will keep the name of DAI. Well it was reported the afternoon of this Monday, November 18, in the official account on Twitter of MakerDAO, the organization behind the platform.In the publication of MakerDAO indicated that during the first two hours of the figure existing in DAI was 1.117.765. That amount increased and exceeded to 1,800,000 DAI shortly after, as you can see through the site Sai2Dai, by which we can follow the migration in real-time. At the time of writing, the total migrated is equivalent to 1.84% of the total supply between SAI and DAI.Source: sai2dai.xyzEl migration process of the existing version corresponds to the creation of part of MakerDAO of a new version of the token that is issued through the protocol of loans Maker. Each debt contract with a collateral in ether (ETH), the token native of the network of Ethereum, it generated the issuance of DAI.Now, also of ETH, the users of the protocol of loans may be put as a guarantee of its DAI other cryptocurrencies, such as BAT, REP and OMG. During the first few hours which has been active in the protocol with multicolaterales for DAI emphasizes the creation of more than 200,000 new tokens with warranty at BAT.Through Twitter, the crawl account of the creation of DAI, @MakerDaiBot. reports that the creation of a number of DAI was through a contract in which the user put as a guarantee for a total of 2.025.000 BAT (the equivalent of approximately USD 527.324).

How do I migrate SAI DAI?

Users who hold funds in the now called UPS must be migrated to the new version of DAI. Otherwise, the funds that is not migrated will be liquidated by the platform. Still the grace period to run this process is not defined, previously reported MakerDAO. In fact, they have not been given nor an estimated time for the migration of more than 100,000,000 of SAI existing can be complete.To migrate SAI DAI, the holders of the token can access the web site Maker, where you will be able to run the process. Also houses change, or purses that have support for the anchoring will also have enabled the option of migration.For example, the app Wini Wallet, developed in Argentina, as did a first migration operation. So what informed the computer of that application on their social networks. In the same tweet, it was reported that the option of migrating is not yet directly integrated into the application, while through the public group of Wini Wallet in Telegram have stated that they are in the process of integration.

Other developers of purses, as is the case of Atomic Wallet, already have active support for the DAI multicolateral. For its part, the team MyEtherWallet (MEW) has reported that it will be available from next November 26.Platforms of exchange and finances decentralized (DeFi) as DDEX have also manifested that will be incorporated into a 24-hour support for the new version of the stablecoin. DeFi Saver, the platform that integrates the protocol Maker also reported that its website is already active for its users to carry out the migration to MCD.

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