Starknet, the main decentralized finance (DeFi) platform, has introduced the launch of the most recent model of DAI on Starknet. This necessary growth brings improved performance and effectivity for DAI customers throughout the Starknet ecosystem. Now that the brand new DAI model is reside, 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, giving customers the chance to trade their present DAI tokens for the brand new model.
This transition opens up alternatives for improved transaction pace, decrease charges, and improved scalability, offering a extra streamlined expertise for DeFi fans. Starknet encourages all DAI customers to instantly migrate to the brand new model to benefit from these enhancements.
For all DAI customers: the brand new DAI model is now reside on Starknet! 🚨
StarkGate not too long ago launched the up to date DAI token on Starknet, which means now you can trade 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 as potential…
— Starknet 🦇🔊 (@Starknet) April 11, 2024
Clean migration course of for DAI customers
To ease the transition to the brand new DAI model, Starknet affords customers two easy choices. First, customers can select to trade their DAI v0 tokens for the up to date DAI utilizing any trade service accessible on Starknet. With a wide range of swap platforms corresponding to AVNU, Ekubo Protocol, Layerswap, Fibrous Finance, StarkDefi, JediSwap and mySwap at their disposal, customers can carry out the swap effortlessly.
Alternatively, customers can select to withdraw their DAI v0 tokens into Layer 1 (L1) through StarkGate after which re-deposit them to Starknet. StarkGate automates the issuance of the brand new DAI tokens, guaranteeing a seamless migration course of for customers. This selection supplies flexibility and comfort, permitting customers to maneuver to the up to date model with minimal problem.
The launch of the brand new DAI model on Starknet marks an necessary milestone in Starknet’s mission to enhance the DeFi expertise for its customers. By leveraging Starknet’s superior capabilities, Starknet continues to drive innovation within the decentralized finance area and supply customers with environment friendly options to their wants.