MakerDAO’s stablecoin, Dai, has entered Beta testing on Wanchain (see testing instructions below). This integration makes Dai the first ever cross-chain ERC20 token. The Dai token will utilize Wanchain’s cross-chain functionality allowing for Bitcoin to be exchanged for Dai in a fully decentralized manner and to potentially add Bitcoin to its collateralized debt position in addition to Ether (MakerDAO is working on multi-collateral Dai). This announcement comes in parallel to the ongoing Bitcoin Integration on Wanchain (Wanchain’s 3.0 release), which will go live before the end of 2018.
The MakerDAO has also been busy recently! Their team just recently announced a deal with the Andreessen Horowitz crypo fund, a16z crypto, entailing a $15 million USD investment for 6% of the total MKR token supply.