RSK Bitcoin sidechain ports Dai to connect with Ethereum DeFi
Interoperable DeFi platforms can help with Ethereum's high transaction fees. The team behind RSK, a smart-contract-enabled sidechain extension for Bitcoin, announced Tuesday that Maker’s Dai stablecoin is now available on the platform.The integration makes it possible to transfer Dai from Ethereum to the RSK sidechain, which makes it available for use in its Bitcoin-backed decentralized finance ecosystem.The solution uses the Ethereum token bridge developed by the RSK Infrastructure Framework, or RIF, team. The bridge locks up these tokens on the Ethereum blockchain and mints an equivalent....
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