First steps: LEVEL's Multi-Blockchain Expansion

MOTIVATION

Since the very start of this project, LEVEL was always designed to be a multichain liquidity hub.

After successfully becoming the largest perpetual DEX on the second largest L1 chain (BNB chain), it’s finally time for LEVEL to expand its horizons across more ecosystems.

We looked carefully at choosing a new chain with these conditions in mind:

• Liquidity
• Users profile
• Daily active users
• Daily number of TXs

After much deliberation, we present to you the following choices:

• Arbitrum
• Optimism
• Polygon
• zkSync

Once the decision has been made, we will utilize LayerZero’s technology to bridge 5M LVL to the new chain to start bootstrapping our liquidity with auctions and other incentive programs. Full details to follow.

VOTING CHOICES

• Arbitrum
• Optimism
• Polygon
• zkSync
• None of the above
• Abstain from voting

ELIGIBILITY

Only LGO token holders are eligible to vote.

QUORUM

The proposal require at least 20 LGO voted to pass