MakerDAO Optimism Bridged DAI (Optimism) Price(DAI)

MakerDAO Optimism Bridged DAI (Optimism)(dai) refers to the DAI stablecoin that has been transferred and operates on the Optimism network, which is a layer-2 scaling solution built on Ethereum. The primary goal of bringing DAI to Optimism is to enable more efficient and cost-effective transactions compared to those directly on the Ethereum mainnet. The official bridge for DAI to Optimism was collaboratively launched by MakerDAO and Optimism. Optimism employs a technology called optimistic rollups to process transactions. A characteristic of these rollups is a withdrawal period, typically around one week, when moving assets from Optimism (Layer 2) back to Ethereum (Layer 1). To mitigate this withdrawal delay, MakerDAO developed a specialized bridge. This solution aims to provide faster withdrawals by utilizing an intermediary or a liquidity provider. In some instances, the MakerDAO treasury itself can act as this liquidity provider, facilitating instant withdrawals. The security of Optimism's rollup mechanism is rooted in the underlying Ethereum Layer 1. The technical infrastructure for this bridging involves specific smart contracts on both Layer 1 and Layer 2, such as L1DAITokenBridge and L2DAITokenBridge, along with an L1Escrow contract designed to securely hold funds. The L2 DAI is essentially an updated version of the standard L1 DAI, designed for the Optimism environment. The smart contract address for MakerDAO Optimism Bridged DAI on Optimism is publicly available. Learn more

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