MakerDAO has added Decentraland’s native token MANA as a new collateral type. Customers can now use MANA for the generation of the stablecoin DAI. MANA is Decentraland’s primary token. The MakerDAO ecosystem has added MANA (the native token of the Decentraland marketplace) as a new collateral type after an executive vote among MKR token holders. According to an official blog post, customers can now use MANA to generate the stablecoin DAI. MANA is Decentraland’s primary medium of exchange and is used to pay for things within the virtual world. In the last few months, MKR token holders have voted to add the stablecoin USDC and wBTC as collateral types. wBTC is an Ethereum-based token that is 1-to-1 backed by Bitcoin. According to an earlier FXStreet report, MakerDAO became the first DeFi protocol to reach $1 billion in total locked value (TLV). The rise in interest in DeFi applications has driven the growth of the sector. MANA/USD daily chart MANA/USD shot up from $0.04208 to $0.0487 this Wednesday. Since then, the bears have corrected the price to $0.046 over the next two days. MANA/USD has two strong resistance levels at $0.0482 and $0.047. On the downside, healthy support lies at $0.0432 (SMA 20) and $0.0416 (SMA 50). FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Japan Senior Ministry Official: Forex stability is important FX Street 3 years MakerDAO has added Decentraland’s native token MANA as a new collateral type. Customers can now use MANA for the generation of the stablecoin DAI. MANA is Decentraland’s primary token. The MakerDAO ecosystem has added MANA (the native token of the Decentraland marketplace) as a new collateral type after an executive vote among MKR token holders. According to an official blog post, customers can now use MANA to generate the stablecoin DAI. MANA is Decentraland’s primary medium of exchange and is used to pay for things within the virtual world. In the last few months, MKR token holders have voted to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
