Maker Launches Infrastructure to Teleport $DAI Across Multi-Chain

Maker announced the launch of Maker Teleport, an infrastructure for teleporting $DAI across the multi-chain space.

Maker Teleport is built by the MakerDAO Engineering Core Unit. Its full deployment is divided into two stages, Fast Withdrawals and Layer2-to-Layer2 Full Teleport. By now, Maker Teleport is deployed with the Fast Withdrawals implementation, allowing users to teleport $DAI from Layer2 to Layer1 instantly.

Currently, Fast Withdrawals is fully functional for Arbitrum and Optimism, with a 1 million $DAI debt ceiling available for each. Maker said that in a future upgrade, users will be able to teleport $DAI between Layer2 networks almost instantly.

Meanwhile, Maker announced it's activating a 10,000 $DAI grant for builders who want to integrate their projects with Maker Teleport.