Tokamak Network partners with MakerDAO
The Tokamak Network, an Ethereum Foundation grantee, is a protocol that can easily create a plasma chain that focuses on scalability and security. It is a plasma that fully support EVM and is 100% compatible with Ethereum smart contract. In other words, a Dapp running on the ethereum network can run on Tokamak Plasma right away. Onther has been developing generalized plasma since 2018. From Plasma-evm project to Tokamak Network, we improved transferring assets between Ethereum and plasma more securely and conveniently.
The security of the Tokamak Network is ensured by the rootchain contract. In addition, through the roochain contract, ERC20 token and Requestable Token, new type of token for Tokamak, can enter into Tokamak plasma chain without limitation, or Exit from the Tokamak plasma to Ethereum Mainnet.
Through Collaboration with MakerDao, we want to improve the blockchain environment so that users can use the Dai stablecoin more freely.
Dai is the world’s leading decentralized stablecoin. Pegged to US dollar, Dai eliminates volatility through an autonomous system of smart contracts called the Maker Protocol and decentralized community governance.
Dai is minted by CDP (Collateralized Debt Positions) users who lock up Ethereum as collateral in smart contracts. When CDP holders want to unlock their collateral, they return the amount of Dai they received plus a stability fee. MKR voters decide on stability fee so if the price of Dai is below $1, they might vote to increase stability fee to reduce the supply of Dai to restore the peg. If the price of Dai is above $1, MKR voters might vote to decrease stability fee to increase the supply of Dai to restore the peg.
By using Stamina, which is delegating fee system of Tokamak, users can send transactions without fees. Please check this if you want to know more details about Stamina.
Recently, we are focusing on making that privacy environment in Tokamak Plasma. First step of boosting privacy is adopting “Zk-DAI” into Tokamak. It is a good starting point for protecting Dai User’s information. Then Next step is “Zk-DEX”, Still in progress, It is the best choice what we can provide better experience and privacy to users.
About MakerDAO
MakerDAO enables the generation of Dai, the world’s first unbiased currency and leading decentralized stablecoin. Dai eliminates volatility through an autonomous system of smart contracts called the Maker Protocol and decentralized community governance.
Launched in 2017, Dai has successfully maintained a soft peg to the US Dollar. With hundreds of partnerships and one of the strongest developer communities in the space, MakerDAO has become the engine of the Decentralized Finance (DeFi) movement. Maker is unlocking the power of the blockchain to deliver on the promise of economic empowerment today. Visit www.makerdao.com.
Website: www.makerdao.com
Twitter: www.twitter.com/MakerDAO
Telegram: https://t.me/makerdaoofficial
Kakaotalk: https://open.kakao.com/o/giWg6J2 password: maker
About Tokamak Network
Tokamak Network is fully-generalized plasma chain that Decentralized, Scalable, Turing Complete Plasma Building Protocol. Anyone can easily open Tokamak plasma chain with TON(Tokamak Network Token), which is using as Reward for Computation Challenge and Other incentives for who the participants in Tokamak Network.
Tokamak Network Suited for Dapps with burden computation. Because It is scalable with No consensus Algorithm. And Tokamak Plasma chain can process 1000 transaction per second. It is very fast enough to transfer assets(ERC20, Ether, Others…) with high transaction volumes. So Tokamak Network can provide scalable and fast environment to Dapps.
Website: tokamak.network
WhitePaper(KO) : tokamak.network/paper/white-paper-kr.html
TechPaper(EN) : tokamak.network/paper/tech-paper.html
Twitter: twitter.com/OntherInc
Telegram: t.me/onther_blockchain
Chat: chat.tokamak.network
News Releases
토카막 네트워크, 스테이블 코인 ‘다이’ 공식 지원 / 머니투데이 뉴스
온더, ‘토카막 네트워크’ 스테이블 코인 ‘Dai’ 공식 지원 / 인더뉴스
Tokamak Network collaborates with MakerDao / Twitter
