Proposal: Following the recent PolyNetwork exploit over the past weekend that significantly impacted the Metis token on BSC, we hereby propose the deprecation of METIS-BSC pool and pathway on the Stargate bridge. This measure will eliminate potential vulnerabilities that might jeopardize the safety of our community members' assets.
Rationale: --Security: Given the recent exploit, we have concerns about the potential implications on our systems. This concern arises from the potential exposure of our network to similar vulnerabilities that led to the recent exploit from PolyNetwork. --Trust: We are fully committed to preserving the trust and confidence of our community members. By taking proactive measures to secure their funds, we believe that we can maintain this trust and continue to build a safe, reliable decentralized ecosystem. --Risk Mitigation: Deprecating the pool would allow us to substantially mitigate any potential risks and ensure the safe operation of Stargate as a bridge.
Proposed Next Steps: In the spirit of transparency, we outline the next steps that we would take in the process of deprecating the pool: --Communicate with both communities --Disable pool --Close pool
By taking these steps, we believe that we can significantly mitigate the potential risks posed by the PolyNetwork exploit while also ensuring the ongoing security and integrity of our platform.
We welcome and encourage constructive feedback and alternative viewpoints from the Stargate DAO community on this proposal.
Thank you for your time and consideration.