Impact
The development of a canonical DAI bridge following the launch of Optimism offered an important technical improvement for Optimism users as the 7 day fraud-proof waiting requirements were able to be bypassed for the first time. Bridging of a fully composable, top stablecoin like DAI, instead of relying on wrapped versions and non native bridges, aimed to provide better security and a frictionless experience on Optimism. Since the deployment of Teleport (with an initial $1M debt ceiling for DAI mint/burn set by governance), Maker governance has voted to change its multi-chain product roadmap, resulting in the pausing of Teleport. However, Chronicles research, development and deployment of Teleport demonstrate a considerable amount of time and commitment to supporting Optimism.