New Coins as Collateral available?

Hey,
Does anybody knows, when OMG can be used as collateral for DAI? If it is already usable, does OMG needs to be in the wallet to show as an collateral option in Oasis?

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Hi @kevin.gruendel,

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We are working on the process for collateral onboarding. Its pretty far along, but once that is agreed on an interested party can start the application for OMG, which would take some time since risk, legal and technical analysis takes alot of work, not to mention the bureaucracy which would take minimum 2-3 months I think. Personally I’d guess onbaording OMG will take at least 9 months maybe longer probably not shorter (depending if the analysis part is already underway and if the community is interested)

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