Bitcoin Defi: RSK Smart Contract Platform includes ETH derived from Stablecoin DAI

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The RSK Infrastructure Framework (RIF) development team announced that the makerdao project's Stabecoin DAI is now available through an RSK smart contract agreement on October 6, 2020, as the RIF developer software engineer has used the RSK-Ethereum token bridge and episode. Now people can use it in Ethereum-based applications and many decentralized applications (dapps).

Over the past seven months, the Bitcoin RSK-supported smart contract (BTC) protocol has been steadily evolving in the field of decentralized finance (Challenge). A reputable company gave reports on RSK's efforts and the many ambitious projects that rely on RSK on Tuesday, Software Engineer announced that the smart contract project now supports Makerda's DAI Stavalcoin. RIF developers believe the new additional support will help leverage the challenging service of the BTC chain.

To stabilize DAI support, RIF engineers use the RSK-Ethereum token bridge, DAI is now integrated with RSK, if you need a service that supports BTC (such as loan, loan, liquidity and engagement), you can use stabilkoin, Rune Christensen, co-founder of Makerdao and Maker Foundation, explains that the new integration improves the accessibility of DAI definitions.

Christensen said in the announcement: `` The integration of RIF DAI creates new opportunities for the Bitcoin community to participate in the challenge.

According to the RIF development team, many dapps use Stablecoins as a complex service supported by BTC and ETH, including projects such as Rskswap, Aave, Sovryn, Avaldao and Chainlink, the creators of Rskswap referring to the RIF-DAI liquidity group and RBTC-DAI and claims that the transaction volume of the stabilcoin could be 1,000 times less than the Ethereum chain.Rskswap is an offshoot of a popular decentralized stock market based on Ethereum (dex) Uniswap.

Iovlabs is the parent company of the Bitcoin RSK smart contract platform and infrastructure framework (RIF). He believes that DAI integration will drive the growth of BTC chain challenges, said Diego Gutierrez Zaldivar, Iovlabs co-founder and CEO. Combining DAI is another important step towards adopting Bitcoin Defi.

Zaldivar added, "The growth and challenging opportunities of the Bitcoin ecosystem have just begun, and we believe there will be more."

According to the RIF team, the Maker Foundation integration team reviewed the Bitcoin-Ethereum bridge.

The RIF software engineer concluded: "The interoperability bridge protects legacy tokens such as DAI on the Ethereum blockchain and at the same time fake the ERC777 'side token" that can be moved freely on the chain. RSK Network "This will maintain the available token supply and allow it to be distributed over the network."

What do you think about stable DAI related RSK? Send us your thoughts in the comments section below?

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