Bridge $WALLET to Optimism or Base

---

Author: Ambire Wallet Date: April 4, 2024

Proposal

This is an Ambire Governance Proposal to mint and bridge 10M $WALLET to a Layer 2 solution, specifically Optimism or Base, and establish a $WALLET/$ETH liquidity pool position on Uniswap V3.

---

Motivation

As the Ambire Wallet community grows, so does the demand for trading and acquisition opportunities for our native $WALLET token. Bridging the token to L2 will make $WALLET more accessible to a wider audience.

---

Specification

The token will be added to the Superchain token list and bridged via the Optimism Bridge or Base Bridge

The liquidity will be added on Optimism or Base on a $WALLET/ETH pool, and the LP NFT will be held in our (the company's) Ambire Wallet account, secured via a hardware wallet key. The liquidity provision will be executed at an undisclosed time up to 2 weeks after the governance vote commences.

---

Voting requirements

You can vote if you are a xWALLET holder (xWALLET are tokens received for staking $WALLET). Anyone who owns xWALLET staking tokens can participate in this governance vote.

---

Useful Links

Ambire Governance Votes Website GitHub Twitter Discord Telegram Forum