MakerDAO Governance Approved $GNO as Collateral

MakerDAO Governance approved the GnosisDAO governance token $GNO as collateral. With over 90% of the voting power in favor, the outcome of this poll enables $GNO to be onboarded as a new collateral type into the Maker Protocol through a future Executive Vote.

The approved parameters for $GNO as a new collateral type include a stability fee of 2.5%, a liquidation ratio of 350%, a debt floor (dust) of $100,000 $DAI, and a maximum debt ceiling (line) of $5 million $DAI.