MakerDAO deploys on layer-2 network StarkNet to enhance functions of DAI stablecoin

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MakerDAO deploys on layer-2 network StarkNet to enhance functions of DAI stablecoin
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MAkerDAO is planning an upcoming deployment schedule on ZK Ethereum rollup, StarkNet, that aims to lower transactional cost and throughput speed on the network.

MakerDAO, a decentralized autonomous organization serving the popular DeFi lending protocol Maker, has announced an upcoming deployment schedule on the decentralized zero-knowledge Ethereum rollup, StarkNet.

Expected to become fully operational in the third quarter of this year as identified in the protocol's roadmap, the integration will seek to enhance the multichain capabilities of their dollar-pegged stablecoin DAI, and associated Maker Vaults function, by striving to reduce transactional cost and throughput speed on the network.

“Projects must move on to Layer-2 to continue to serve users, and MakerDAO is partnering with StarkNet to do exactly that. With this strategy, we are positioned to cement the Maker’s Protocol’s position as the leading decentralized lending protocol in the industry, and also the status of DAI as the most decentralized, secure stablecoin.”

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