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StakeWiseStakeWiseby0xf072a95c8F87FA2295F45DffC1a2a90769a2e3130xf072…e313

[SWIP-18] Increase SWISE Bridging Limit & Update P2P.org Oracle Config

Voting ended over 1 year agoSucceeded

This proposal seeks to edit minor parameters in the SWISE bridging contract and the Oracle config contract to allow for a larger volume of SWISE to be bridged to Arbitrum and to finalize the migration of the Oracle environment for P2P.org, one of the StakeWise Oracles.

  1. The team is proposing that the upper boundry for the total amount of SWISE that can be bridged using Wormhole is increased from 10,000 SWISE to 100,000,000 SWISE, to allow more adoption of SWISE on L2s. Without this change, bridging meaningful sums from mainnet to Arbitrum (and other L2s) in SWISE tokens will not be possible. This proposal seeks to set a sufficiently high limit to ensure that enough SWISE can circulate outside of mainnet.

  2. Upon request from the P2P.org team, we are proposing that the endpoints for the P2P Oracle are changed to:

v3-oracle-mainnet-1.el.p2p.world v3-oracle-mainnet-2.el.p2p.world

This is security measure aimed at codifying the participants of the StakeWise Oracles set, allowing other smart contracts that rely on the Oracles’ responses to know who to listen to.

Vote For or Against in this proposal.

Off-Chain Vote

For
9.87M SWISE100%
Against
0 SWISE0%
Quorum:329%
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Discussion

StakeWise[SWIP-18] Increase SWISE Bridging Limit & Update P2P.org Oracle Config

Timeline

Jun 14, 2024Proposal created
Jun 14, 2024Proposal vote started
Jun 18, 2024Proposal vote ended
Jun 18, 2024Proposal updated