Summary

This proposal aims to expand BIO's presence by deploying the BIO token on the Solana blockchain. This will allow the protocol to establish a liquidity pool to enhance accessibility to the BIO token and other tokens in the BIO Ecosystem. It will also lay the groundwork for the deployment of the BIO protocol on the Solana blockchain.

Background

As the DeSci ecosystem continues to grow across multiple chains, it's crucial for BIO to establish its presence on emerging chains that align with our mission. Solana represents significant opportunities due to their high performance, focus on products, growing DeFi and DeSci ecosystems, and engaged community.

Proposal Details

If this proposal passes, the BIO community accepts the BIO Association to:

• Establish cross-chain bridge infrastructure for seamless token transfers on/off the Solana blockchain

• Bridge the BIO token by deploying a BIO token program on the Solana

• Grant the BIO Association permission to

  • Allocate an additional 1% from the Ecosystem Incentives to the Market Liquidity fund for deploying liquidity pools on solana and potentially other chains

  • Deploy liquidity pools on Solana with approximately $1M in liquidity depth spread across concentrated and broad liquidity ranges.

  • Actively manage liquidity pools on the Solana chain to optimize for capital efficiency in liquidity pools

Conclusion

By expanding to Solana, BIO will increase its accessibility, liquidity, and community reach. This strategic expansion aligns with our mission to grow the DeSci ecosystem while maintaining efficient capital deployment across chains. The multi-chain approach will position BIO for sustainable growth and broader adoption in the evolving blockchain landscape.

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