Starknet, the main decentralized finance (DeFi) platform, has introduced the launch of the most recent model of DAI on Starknet. This important growth brings enhanced performance and effectivity to DAI customers throughout the Starknet ecosystem. With the brand new DAI model now dwell, customers can seamlessly transition from the earlier iteration to leverage the advantages of the up to date token.
StarkGate, the platform’s gateway to Starknet, has efficiently rolled out the up to date DAI token, offering customers with the chance to swap their current DAI tokens for the brand new model.
This transition opens up avenues for improved transaction velocity, decrease charges, and enhanced scalability, providing a extra streamlined expertise for DeFi fanatics. Starknet encourages all DAI customers emigrate to the brand new model promptly to reap the benefits of these developments.
For all DAI customers: the brand new DAI model is now dwell on Starknet! 🚨
StarkGate has not too long ago launched the up to date DAI token on Starknet, that means which you could now swap your DAI to the brand new DAI at any time.
We encourage all of you emigrate your DAI v0 to the brand new DAI model as quickly…
— Starknet 🦇🔊 (@Starknet) April 11, 2024
Easy Migration Course of for DAI Customers
To facilitate the transition to the brand new DAI model, Starknet provides customers two easy choices. Firstly, customers can choose to swap their DAI v0 tokens for the up to date DAI utilizing any swap service obtainable on Starknet. With a wide range of swap platforms resembling AVNU, Ekubo Protocol, layerswap, Fibrous Finance, StarkDefi, JediSwap, and mySwap at their disposal, customers can execute the swap effortlessly.
Alternatively, customers can select to withdraw their DAI v0 tokens to Layer 1 (L1) by way of StarkGate and subsequently redeposit them on Starknet. StarkGate automates the issuance of the brand new DAI tokens, making certain a seamless migration course of for customers. This feature offers flexibility and comfort, permitting customers to transition to the up to date model with minimal problem.
The launch of the brand new DAI model on Starknet marks a major milestone in Starknet’ mission to reinforce the DeFi expertise for its customers. By leveraging the superior capabilities of Starknet, Starknet continues to drive innovation within the decentralized finance area, providing customers environment friendly options for his or her