MakerDAO to join Auctus Labs

DAI tokens to provide stability to your retirement portfolios

We’ve recently announced Auctus Labs, an initiative where we collaborate with other projects, such as Ethfinex, 0x Project and Melonport in order to push the platform towards decentralization.

Today, Auctus and MakerDAO are proud to announce the beginning of a promising collaboration through the Auctus Labs initiative. This collaboration is one additional example of our constant effort to make the platform as decentralized as possible. The ultimate goal of partnering with MakerDAO, is to integrate the DAI stablecoin on the Auctus Platform.

The importance of stable digital assets on long-term investment

Exposure to traditional long-term assets is crucial for retirement planning. One of the key features of the Auctus Platform is automated portfolio rebalancing, whenever your cryptocurrency allocation surpases a certain limit. This way you keep a conservative portfolio, minimizing volatility, yet still keeping the upside of cryptocurrencies.

Having a stablecoin like DAI, which gives secured, tokenized exposure to USD, is enabling this important rebalancing mechanism.

About MakerDAO

Launched on December 17, 2017 by MakerDAO, DAI is the first fully-decentralized stablecoin on Ethereum.

The dai stablecoin system lets users lock collateral assets and issue dai in proportion to the collateral’s market value. Thus they can deposit their valuable tokens in order to withdraw some quantity of stablecoin. Such a deposit account is called a “collateralized debt position” or CDP (source: https://makerdao.com/purple/)

It is pegged against the U.S. dollar, but is completely backed by ETH. Each “Dai” is worth $1 USD. Stability is maintained through an autonomous system of smart contracts.

In the near future MakerDAO will have multi-collateral Dai, enabling more than just ETH to back it.

What’s Next?

We welcome our community and other projects to take part in our development and join this lab initiative. Our platform is already designed with a marketplace that welcomes developers to create and offer apps, plugins and robos that connect to our APIs. With Auctus Labs we are going a step further, onboarding developers on an earlier stage, so we can #BUIDL together and strengthen the ecosystem, developing applicable solutions to the network.

Token sale is live!

We’ve officially opened the AUC token sale to unlimited contributions. You can join and find more information at https://auctus.org/tokensale/.