BIOPSY-31 Proposal: Bridge BIO to BNB

Summary

This proposal aims to expand BIO’s presence by deploying the BIO token on the BNB blockchain. This will allow the protocol to establish liquidity pools 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 BNB 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. BNB represents significant opportunities due to its low transaction fees, massive user base and highly engaged community within the broader Binance ecosystem, with community efforts expanding to Asia.

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 BNB

• Deploy BIO token contracts on the BNB chain

• Allocating 1% from Ecosystem Incentives (decrease from 14% to 13%) to the Bio Liquidity Fund (increasing from 7% to 8%) to service future liquidity needs for BIO pairs on BNB chain.

• Grant the BIO Association permission to:

  1. Deploy BIO/BNB liquidity pool with up to $1M in liquidity, sourced from the expanded 8% Liquidity Fund allocation

  2. Establish both BIO/BNB pairs and BIO/ASSET pairs in support of ecosystem assets (e.g., Aubrai and Vita) that target to bridge to BNB

  3. Actively manage liquidity pools on the BNB chain to optimize for capital efficiency in liquidity pools.

Conclusion

By expanding to BNB, 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. As a leading DeSci protocol already operating multichain on platforms like ETH, Base, and Solana with strong market performance and endorsements, the multi-chain approach will position BIO for sustainable growth and broader adoption in the evolving blockchain landscape.