Author(s)

Darryl Hansen

Summary

💡 DSLA's approach to integrated risk management enables the downside-protected delivery of goods, services and digital assets without intermediaries. Learn more at stacktical.com.

[DSLA-IP4] is a proposal to streamline DSLA Protocol with the launch of v2.0, supporting only networks with the best growth potential and where DSLA’s new suite of use cases can be best put to work.

As such the recommendation is to deprecate support for Harmony in the DSLA codebase and the dsla.network dApp, and to not launch DSLA v2.0 on Harmony.

Note: This proposal does not have any immediate bearing on the trading or availability of the DSLA utility token on the Harmony network. There are no proposed changes regarding the availability of the DSLA utility token on Harmony or liquidity currently supplied on SushiSwap. Due to the Harmony Horizon Bridge Hack incident, bridging of any tokens, including DSLA utility tokens, via the Harmony Horizon Bridge is paused.

Abstract

• Harmony was severely impacted by the Horizon Bridge hack. Significant funds relevant to Harmony TVL were lost and the Horizon Bridge is still currently paused.
• Despite having one of the top performing NFT projects of 2021 and early 2022 in DeFi Kingdoms, the NFT ecosystem remains quite limited.

Rationale

The launch of DSLA v2.0 provides an opportunity to streamline DSLA operations and concentrate on chains that provide the best ROI, in the form of growth potential. Deprecating DSLA Protocol for Harmony allows attention and efforts to be focused on those growth areas.

Proposal

1. No deployment of DSLA v2.0 on Harmony
2. Provide 30 days notice via announcement channels of upcoming Harmony support wind down
3. Remove support for Harmony in the dsla.network dAPP and supporting infrastructure (ie. indexing) effective at any time after 10-Oct-2022
4. DSLA utility token availability, trading on SushiSwap will remain unchanged.

Discussion

Discuss this proposal on Commonwealth now.