RELP 5 - Continuing to Bridge $REL to Lower Gas Fee Networks

Voting ended almost 2 years agoSucceeded

Abstract:

This proposal outlines the strategy to extend $REL to further EVM-compatible chains featuring lower gas fees. In response to the community’s desire for lower gas costs for operating $REL tokens, this plan suggests bridging a portion of the $REL token supply to numerous efficient, cost-effective networks. This initiative seeks to alleviate cost concerns, enhance user experience, and increase the liquidity of $REL.

Motivation:

Following the approval and successful bridging of $REL to Polygon, along with the significant reduction in gas fees on Ethereum’s Layer-2s due to the Dencun Upgrade, numerous community members have expressed a desire for even lower costs associated with $REL token trading, staking, and others. By expanding $REL tokens to other efficient, low-cost networks, we can alleviate cost concerns, boost the user experience, and increase $REL’s liquidity.