MakerDAO to Integrate StarkNet to Cut DAI Transaction Costs

MakerDAO will begin integrating the Ethereum Layer 2 network StarkNet on April 28 to reduce the costs of DAI transactions. Among them, StarkNet integration will take place in four phases. On April 28, a simple token bridge will be released for DAI transactions. The second phase will implement fast withdrawals from Layer 2 to Layer 1, in the second quarter of this year. The third step, in the third quarter, will include Layer 2 to Layer 2 teleportation. And, finally, MakerDAO will deploy full multi-collateral DAI (MCD) on Starknet in the fourth quarter of 2022 or the first quarter of 2023.