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Spiral DAOSpiral DAOby0x79603115Df2Ba00659ADC63192325CF104ca529Cstarny.eth

SIP-11 | sprMAV Expansion to ZkSync ERA

Voting ended almost 2 years agoSucceeded

TL;DR: This governance proposal seeks to expand Spiral's ecosystem by deploying sprMAV on ZkSync ERA. This expansion aims to capture more $MAV, and introduce new liquidity pools and staking opportunities at a lower transaction costs for users.

Summary: The aim of this proposal is to deploy sprMAV, open the single-staking and seed the initial liquidity on ZkSync ERA.

Context: As the DeFi ecosystem evolves, Spiral has to expand its influence and user base by integrating with ZkSync ERA, a Layer 2 scaling solution for Ethereum known for its cost efficiency and speed.

By leveraging ZkSync ERA's advantages, Spiral aims to offer its users more affordable access to sprMAV, ensuring a smoother user experience with reduced transaction costs.

This strategic move is designed to capitalize on ZkSync ERA's lower gas fees compared to Ethereum's mainnet, enhancing user experience and engagement. The proposal includes the deployment of sprMAV on ZkSync ERA, and the establishment of a Maverick liquidity pool (sprMAV-MAV) with a $50K investment.

The adaptation of existing Ethereum-based gauge systems for liquidity pool rewards to ZkSync ERA.

Additionally, it suggests extending the single-staking mechanism of sprMAV to ZkSync ERA, aligning with the goal of capturing more $MAV and reducing costs for participants.

Means:

  • Development required for implementation.
  • Mint sprMAV on ZkSync ERA chain
  • Seed the liquidity of the sprMAV-MAV pool on Maverick on ZkSync ERA

Off-Chain Vote

Approve the proposal
303.86K SPR100%
Against the proposal
0 SPR0%
Abstain
0 SPR0%
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Timeline

Mar 05, 2024Proposal created
Mar 05, 2024Proposal vote started
Mar 07, 2024Proposal vote ended
Nov 05, 2025Proposal updated