MakerDAO, the decentralized organization (DAO) behind the DAI stablecoin, announced on April 28 that it will integrate StarkNet, the Layer 2 scaling solution created by StarkWare.
Louis Baudoin of MakerDAO said that the integration will reduce DAI transaction costs tenfold compared to Ethereum.
MakerDAO to Integrate StarkNet
MakerDAO, one of the largest DeFi protocols and creator of the DAI stablecoin, is set to integrate the Ethereum Layer 2 network StarkNet on April 28.
Deploying MakerDAO on StarkNet allows users to trade DAI faster and at a cheaper cost.
MakerDAO’s Louis Baudoin said that in terms of speed, transactions on StarkNet currently take 1-2 minutes, but the goal is to reduce it to a few seconds over the next year. In addition, Baudoin announced that the StarkNet integration will take place in four phases.
MakerDAO aims to support more networks in the future. Baudoin said the protocol will support most major networks in the future.
MakerDAO’s StarkNet integration will take place as an extension of the multi-chain roadmap.
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