MIP-35.1┃Deploy the PAR Bridging Module

Summary: The proposal aims to deploy the PAR bridging module using Tunnel, the Parallel Bridging Module.

Context Following the introduction of Tunnel, the Parallel Bridging Module, in the MIP-35┃Introducing Tunnel, the Parallel Bridging Module, we propose to deploy it for the PAR token.

Rationale: We propose to deploy a limited version of the PAR bridging module to start, then to increase the limits and the number of blockchains where the bridging module would be deployed in the future via another proposal.

We propose to deploy the PAR bridging module on Ethereum, Polygon PoS and Fantom with these parameters:

Ethereum:

• DVNs: (2 of 1 of 2)
  • Required: 2
    • LayerZero Labs
    • Polyhedra
  • Optionals: 1 of 2
    • Nethermind
    • Google Cloud
• Mint Limits:
  • Daily: 25,000.00
  • Global: 200,000.00
• Burn Limits:
  • Daily: 25,000.00
  • Global: 200,000.00
• Fees:
  • Rate: 0.00%
• Isolate Mode:
  • No

Polygon PoS:

• DVNs: (2 of 1 of 2)
  • Required: 2
    • LayerZero Labs
    • Polyhedra
  • Optionals: 1 of 2
    • Nethermind
    • Google Cloud
• Mint Limits:
  • Daily: 25,000.00
  • Global: 200,000.00
• Burn Limits:
  • Daily: 25,000.00
  • Global: 200,000.00
• Fees:
  • Rate: 0.00%
• Isolate Mode:
  • No

Fantom:

• DVNs: (2 of 1 of 2)
  • Required: 2
    • LayerZero Labs
    • Polyhedra
  • Optionals: 1 of 2
    • Nethermind
    • Google Cloud
• Mint Limits:
  • Daily: 1,000.00
  • Global: 5,000.00
• Burn Limits:
  • Daily: 1,000.00
  • Global: 5,000.00
• Fees:
  • Rate: 0.00%
• Isolate Mode:
  • Yes

The approval of this proposal is conditioned on the approval of the MIP-35. This means that if this proposal is approved by the DAO but the MIP-35 is rejected by the DAO, this proposal will automatically be rejected.

Means:

• Human Resources: Multisig signers will need to sign transactions to execute the proposal.
• Treasury Resources: No treasury resources used.

Technical implementation: The technical implementation details are available on the forum post, due to Snapshot limitations.

Voting Options:

• Accept the deployment of the PAR Bridging Module
• Against/Rework the proposal
• Abstain

Author(s): Cooper Labs