DeFi Giant MakerDAO Speeds Up DAI Transactions and Withdrawals, Expands to Arbitrum, Osmosis

11/16 18:27

According to Coindesk, Decentralized-finance (DeFi) protocol MakerDAO said it can now handle “near-instant” transactions and faster withdrawals across the Ethereum blockchain and layer 2 networks for its $6 billion stablecoin, DAI. The new infrastructure called Maker Teleport enables users to send and withdraw DAI by circumventing the Ethereum blockchain’s base layer, according to a press release Wednesday. Maker Teleport is now available on Ethereum scaling networks Arbitrum and Osmosis as part of MakerDAO’s multi-chain strategy to expand DAI to more blockchain networks, the organization said.

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