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Benzinga

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Shiv Juneja

Umee And MakerDAO Initiate Dai Into The Cosmos Ecosystem

MakerDAO Crypto

Umee brings Dai (CRYPTO: DAI) into the Cosmos (CRYPTO: ATOM) Ecosystem, in partnership with MakerDAO (CRYPTO: MKR). As a borrowing and lending DeFi hub, Umee seeks to facilitate seamless cross-chain operations.

What Happened: As of June 8th 2022, Umee, partnered with MakerDAO, is bringing Dai to the Cosmos Ecosystem. This stablecoin integration facilitates cross-chain interoperability, by chaining Ethereum (CRYPTO: ETH) assets into Cosmos and vice versa.

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