Starknet

<p>StarkGate has officially launched an updated version of the DAI token on Starknet. This move introduces a new era of DAI usage on the Starknet platform, encouraging users to migrate from DAI version 0 to the new DAI as soon as possible to enjoy enhanced features and improved security.</p><h2 id="header-0">How to Migrate to the New DAI</h2><p>DAI users have two primary options for migrating to the new version of the token. The first and simpler method involves using any swap service available on Starknet, such as Avnu Fi, Ekubo Protocol, LayerSwap, Fibrous Finance, Stark Defi, and JediSwap, to swap DAI v0 for the new DAI. Alternatively, users can withdraw their DAI v0 to the Layer 1 (L1) network through StarkGate and then redeposit it on Starknet, where StarkGate will automatically issue the new DAI.</p><p>By transitioning to the new DAI, users will be at the forefront of leveraging Starknet’s advanced features, ensuring their digital currency holdings are more secure and versatile than ever.</p><p>StarkGate’s initiative to update the DAI token underscores the ongoing evolution of the blockchain and cryptocurrency landscape. It highlights the importance of staying updated with the latest developments to maximise benefits and ensure security in the digital finance realm.</p>

Starknet Welcomes Updated DAI Version with StarkGate Launch

Table of Contents

BlockchainReporter

Other articles published on Apr 8, 2024

Cardano founder discusses common hurdles in crypto and AI sectors

JPMorgan CEO Jamie Dimon’s Dire Warning on 8% Interest Rate; BTC to $100K?

Digiverse Price Prediction: DIGI Drops 24% In A Month As Investors Pivot To This World-First AR/V...

Trouble for Binance Users in the Philippines

New Memecoin Trading Platform Makes Waves in Crypto Market

New Meme Coins to Buy Now Monday April 8 – MOGGO, Shoki, Bebe on Base

Join our free newsletter for daily crypto updates!