[Multichain] Deploy Shorter Finance on BNB Chain

1) Proposal

To launch Shorter Finance mainnet on BNB Chain.

2) Proposal Statement

Shorter Finance has currently only launched on Ethereum, not BNB Chain. This innovative blockchain has enormous growth potential for projects like Shorter in terms of scalability, interoperability, and accelerated adoption globally.

Generally, the Shorter community and the BNB Chain ecosystem are striving for are closely aligned: both projects are building towards trustless and decentralized (financial) infrastructure that is accessible to anyone regardless of merit and location.

This proposal is created to further support the mission of Multichain Shorter Finance. As a Shorterist, I propose to the Shorter community to authorize the deployment on BNB Chain.

3) About the BNB Chain (Previous Binance Smart Chain)

BNB Chain is an open, programmable smart contracts platform designed to help decentralized applications scale and process transactions more efficiently.

Backed by the renowned Binance exchange ecosystem, BNB Chain aims to lower transaction costs and provide an enabling environment for developers worldwide to create DApps and other DeFi products.

4) Rationale

1. Potential Growth of Shorter Finance
2. Strategic Support of the BNB Chain Ecosystem
3. Wider Marketing Reach
4. Easy Adoption for Binance Wallet Users (over 28 million)

5) Spec

1. To request that the Shorter team deploy the Shorter Finance on BNB Chain.
2. To ensure that the Shorter Finance on BNB Chain retains all existing features.

6) Major Selling Points of BNB Chain

Cross-Chain Functionality

​​Because BNB Chain is EVM-compatible, it is interoperable with the universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with BNB Chain.

Growth Rate of top projects on BNB Chain

We saw a drastic increase in the number of incredibly successful projects launched on the BNB Chain. Examples include PancakeSwap, and Venus Protocol. Since its launch in September 2020, Pancakeswap has grown in excess of $12 billion in terms of Total Value Locked (TVL). Likewise, the total value secured by Venus has officially surpassed $1.6 billion. Growing from $46 million at the BNB Chain launch date in November 2020.

Number of Users

BNB Chain is currently the second-leading DeFi network in terms of volume and active users: With over 1 million Daily Active Addresses on the BNB Chain as of 2022. Evidently, there is a significant market of potential users to tap from by launching Shorter Finance on BNB Chain.

Transparency

​​BscScan is recognized as an essential tool for individuals and businesses within the BNB Chain ecosystem. It provides direct access to blockchain data such as transactions, blocks, top wallets, and other interesting charts and statistics.

The BNB Chain explorer is an important utility enabling users to monitor the activity on the blockchain. It also includes stats such as the latest blocks mined and the validators participating in mining.

7) Other Perks

BNB Chain listed projects may have access to the following perks:

1. Grants worth thousands to millions of dollars.
2. Secure Skynet (QuickScan) from CertiK.
3. Participate in seminars with industry experts.
4. Opportunity to be listed on Innovation Zone, which puts a project on the radar of millions of users who wish to trade newer token offerings directly from their Binance account without having to go through the complicated processes on DEXs.