DAI Teleport Bridge
Summary
The current version of the DAI Wormhole allows fast withdrawal (called “teleport” in the project’s terminology) of DAI from a supported L2 solution onto L1 Ethereum. Using trusted oracles, the DAI can be issued on the receiver domain based on the promise that the amount will eventually be settled through the default bridge. — “The Maker Protocol, also known as the Multi-Collateral Dai (MCD) system, allows users to generate Dai by leveraging collateral assets approved by “Maker Governance.” Maker Governance is the community organized and operated process of managing the various aspects of the Maker Protocol. Dai is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Dai offers economic freedom and opportunity to anyone, anywhere.
