What collateral types are accepted in MakerDAO?

MakerDAO accepts a variety of collateral types to back the DAI stablecoin. The specific collateral types that are accepted can change over time as the Maker community conducts governance decisions to add or remove them. Traditionally, collateral has included popular cryptocurrencies such as Ethereum, Wrapped Bitcoin, and several stablecoins. Ethereum is one of the primary collateral types, as it has been widely used for creating DAI loans. Additionally, the Maker community has been known to introduce various tokenized assets and diverse decentralized finance tokens as collateral, depending on the demand and risk assessment associated with each asset. The Maker Protocol also supports multi-collateral DAI, allowing users to deposit different types of collateral into the system and generate DAI against them. This multi-collateral feature enhances the stability and resilience of the DAI stablecoin by diversifying the assets backing it. For the most current list of acceptable collateral types and to understand any recent modifications, it is advisable to check the official MakerDAO website or community forums.