The RSK Infrastructure Framework (RIF), a bitcoin-focused tool for creating sidechains, has added support for the Dai stablecoin.
According to an official press release that was shared with iHodl, the integration became possible by utilizing the so-called RSK-Ethereum token bridge.
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The RSK devs team expects to boost decentralized financial services (DeFi) on the bitcoin ecosystem. With the new addition, developers of decentralized applications (dApps) are able to create apps on RSK that connect to the Ethereum ecosystem and tap into its network effects and liquidity.
MakerDAO Co-Founder and Maker Foundation CEO, Rune Christensen, says the integration of the stablecoin "creates a new world of opportunity for the bitcoin community to participate in DeFi."
The Bitcoin-Ethereum bridge has alredy been audited by ToB and reviewed by the Maker Foundation Integrations Team.
Earlier this year, a bitcoin-oriented non-profit company BitGive launched an emergency fund to support individuals impacted by Covid-19. The venture is based on a blockchain framework developed by RSK, best known for their Bitcoin smart contract ecosystem. As a result, donors can track how funds are deployed, and retain full oversight of their disbursement to those most in need of aid.
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