Starknet, the main decentralized finance (DeFi) platform, has introduced the launch of the newest model of DAI on Starknet. This important growth brings enhanced performance and effectivity to DAI customers inside 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 present 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 fans. Starknet encourages all DAI customers emigrate to the brand new model promptly to make the most of these developments.
For all DAI customers: the brand new DAI model is now dwell on Starknet! 🚨
StarkGate has lately launched the up to date DAI token on Starknet, which means that you would be able to 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 affords customers two simple choices. Firstly, customers can decide to swap their DAI v0 tokens for the up to date DAI utilizing any swap service accessible on Starknet. With a wide range of swap platforms akin to 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 selection supplies 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 boost the DeFi expertise for its customers. By leveraging the superior capabilities of Starknet, Starknet continues to drive innovation within the decentralized finance house, providing customers environment friendly options for his or her
