Crypto custody provider Anchorage launches voting platform

Friday 25 October 2019 09:50 CET | News

Visa-backed crypto custodian Anchorage has launched governance voting platform for Maker holders to offer support for more coins coming.

Institutional cryptocurrency custody provider Anchorage has launched an on-chain governance voting platform for MakerDAO’s Maker (MKR) token holders, in an attempt to increase voter turnout. Anchorage said the voting platform, dubbed Anchorage Governance, will help its clients who hold MKR to participate in the upcoming Multi-Collateral Dai (MCD) vote on 15 November 2019, as well as all subsequent executive votes.

The platform took “several months” to build and is for executive votes only and not polling, Diogo Monica, co-founder and president of Anchorage, told The Block. With the platform, Anchorage’s clients, which include some big-name investment firms such as a16z, Polychain and Paradigm, can now participate in voting for governance decisions like adjustments to the Stability Fee, Daily Savings Rate, and portfolio collateral types.

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Keywords: Visa, crypto, Anchorage, voting platform, cryptocurrency, US, North America, United States, MCD, on-chain governance voting platform
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: United States
This article is part of category

Blockchain & Cryptocurrencies