{"id":434562,"date":"2022-04-20T15:02:23","date_gmt":"2022-04-20T12:02:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/makerdao-deploys-on-layer-2-network-starknet-to-enhance-functions-of-dai-stablecoin\/"},"modified":"2022-04-20T15:02:23","modified_gmt":"2022-04-20T12:02:23","slug":"makerdao-deploys-on-layer-2-network-starknet-to-enhance-functions-of-dai-stablecoin","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/makerdao-deploys-on-layer-2-network-starknet-to-enhance-functions-of-dai-stablecoin\/","title":{"rendered":"# MakerDAO deploys on layer-2 network StarkNet to enhance functions of DAI stablecoin"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_89 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6af7e08165a10\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6af7e08165a10\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/makerdao-deploys-on-layer-2-network-starknet-to-enhance-functions-of-dai-stablecoin\/#%E2%80%9D_MakerDAO_deploys_on_layer-2_network_StarkNet_to_enhance_functions_of_DAI_stablecoin_%E2%80%9C\" >&#8221; MakerDAO deploys on layer-2 network StarkNet to enhance functions of DAI stablecoin &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_MakerDAO_deploys_on_layer-2_network_StarkNet_to_enhance_functions_of_DAI_stablecoin_%E2%80%9C\"><\/span>&#8221; MakerDAO deploys on layer-2 network StarkNet to enhance functions of DAI stablecoin &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNjAzZDVjMzMtMmMyMC00YmMzLWFiY2YtZmQ2NDc2ZjQwODkyLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>MakerDAO, a decentralized autonomous organization serving the popular DeFi lending protocol Maker, has announced an upcoming deployment schedule on the decentralized zero-knowledge (ZK) Ethereum rollup, StarkNet.<\/p>\n<p>Expected to become fully operational in the third quarter of this year as identified in the protocol&#8217;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.<\/p>\n<p>The move is largely consistent with their overarching multichain strategy first witnessed via the launch of DAI token bridges on both Optimism and Arbitrum One in March and September 2021, respectively.<\/p>\n<p>Core Unit Facilitator at StarkNet Engineering, Louis Baudoin noted that \u201cas we see unsustainable gas fees drive more activity and users to a wider variety of blockchains, security challenges that come with bridging will continue to grow\u201d, before stating that:<\/p>\n<blockquote><p>\u201cProjects must move on to Layer-2 to continue to serve users, and MakerDAO is partnering with StarkNet to do exactly that.\u00a0With this strategy,\u00a0we are positioned to cement the Maker\u2019s Protocol\u2019s position as the leading decentralized lending protocol in the industry, and also the status of DAI as the most decentralized, secure stablecoin.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: MakerDAO community proposal to replace MKR governance token<\/em><\/strong><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Bullish for our first <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> Space! \ufe0f <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/prose011?ref_src=twsrc%5Etfw\">@prose011<\/a> will be the host of this first edition in which we&#8217;ll talk with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/KryptoKiril?ref_src=twsrc%5Etfw\">@KryptoKiril<\/a> from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Nexo?ref_src=twsrc%5Etfw\">@Nexo<\/a>.<\/p>\n<p> Main topic: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MKR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MKR<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DAI<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Nexo?ref_src=twsrc%5Etfw\">@Nexo<\/a> and CeFi &amp; DeFi integrations.<\/p>\n<p> When?: April 21 4 PM UTC<\/p>\n<p> Where?: Here, in this Twitter account! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/3HmlgyCNlV\">pic.twitter.com\/3HmlgyCNlV<\/a><\/p>\n<p>\u2014 MakerDAO Growth (@MakerGrowth) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MakerGrowth\/status\/1516461624529457157?ref_src=twsrc%5Etfw\">April 19, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In February this year,\u00a0StarkWare co-founders Uri Kolodny and Eli Ben-Sasson spoke to Cointelegraph about the scalability requirements for the cryptocurrency&#8217;s mainstream adoption. This followed the launch of their inaugural decentralized <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications (dApps) on the StarkNet platform.<\/p>\n<p>According to analytical data from DeFi Llama, MakerDAO is currently placed fourth in the leaderboard for total-value-locked with $14.24 billion, only behind Curve, Lido and Anchor.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/makerdao-deploys-on-layer-2-network-starknet-to-enhance-functions-of-dai-stablecoin\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; MakerDAO deploys on layer-2 network StarkNet to enhance functions of DAI stablecoin &#8220; MakerDAO, a decentralized autonomous organization serving the popular DeFi lending protocol Maker, has announced an upcoming deployment schedule on the decentralized zero-knowledge (ZK) Ethereum rollup, StarkNet. Expected to become fully operational in the third quarter of this year as identified in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":434563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNjAzZDVjMzMtMmMyMC00YmMzLWFiY2YtZmQ2NDc2ZjQwODkyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[78168,74868,74891,95119],"class_list":["post-434562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-dapps","tag-defi","tag-ethereum","tag-layer2"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/434562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=434562"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/434562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/434563"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=434562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=434562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=434562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}