Blockchain-powered event betting platform Augur has launched support for MakerDAO’s DAI stablecoin as part of an unfolding wide-ranging upgrade to its platform.
Blockchain-powered event betting platform Augur has launched a token denominated in MakerDAO’s Dai (DAI) stablecoin as part of a major upgrade to its platform. The news was announced in an official blog post tweeted on April 8.
Augur argues that introducing DAI-denominated markets will make trading less volatile as compared with Ethereum (ETH), which has been used for trading on the platform thus far.
DAI support comes as part of wide-ranging improvements to Augur’s protocol, with the company today stating that its version two (V2) protocol contracts are “now ready for the first round of audits with integration work in progress with the rest of the Augur platform.” In terms of DAI support, that blog post outlines that:
“For V1, the usage of…
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