TakerDAO is a decentralized organization dedicated to bringing stability to the cryptocurrency economy. The Taker Protocol employs a two-token system. The first being, Tai, a collateral-backed stablecoin that offers stability.
The Taker Foundation and the TakerDAO community believe that a decentralized stablecoin is required to have any business or individual realize the advantages of digital money. Second, there is TKR, a governance token that is used by stakeholders to maintain the system and manage Tai. TKR token holders are the decision-takers of the Taker Protocol, supported by the larger public community and various other external parties.
With the new version of the Taker Protocol, Multi Collateral Tai (MCT), being released and live on the Binance Smart Chain, we wanted to go over a few of the changes and features that it comes with. The biggest change to the Taker Protocol is that it now accepts any BSC-based asset as collateral to generate Tai given that it has been approved by TKR holders and has been given specific, corresponding Risk Parameters through the Taker decentralized governance process.
TakerDAO is unlocking the power of DeFi for everyone by creating an inclusive platform for economic empowerment; enabling everyone with equal access to the global financial marketplace.
