Proposal to Approve Stargate Deployment to BASE, zkSync, Polygon zkEVM and ConsenSys zkEVM

Background

Coinbase recently announced the launch of their L2, BASE (https://twitter.com/coinbase/status/1628760201254903809). In addition, Polygon zkEVM, ConsenSys zkEVM and zkSync are launching their blockchains at some point in the future. Stargate should launch on all four of these chains if technically feasible to help facilitate liquidity transfer between zkSync and the other eight chains Stargate currently supports.

Proposal

Stargate should launch on all of these chains as soon as possible, enabling bridging of stables (USDC and USDT) and ETH. This will allow Stargate to capture day one market share as well as establish itself as the de facto bridge in up-and-coming ecosystems. To support these pools, Stargate should emit STG to allow enough total value locked (TVL) within the pools to reach a level that is commensurate with the transfer volume observed per https://snapshot.org/#/stgdao.eth/proposal/0x7839f919ddd2c226ef0f050ce9250b0f1f41c1d94bf0ab8fdc9205b151fe3a2a.

Execution

Stargate will be deployed on BASE, Polygon zkEVM, ConsenSys zkEVM and zkSync shortly after the official mainnet launch of the chain and USDC, USDT and ETH pools should be enabled. STG emissions will be enabled on those pools when launched as well.

Summary

Stargate has the opportunity to become the bridging leader on multiple new blockchains that are launching in 2023. By being an early protocol to launch, Stargate can become the de facto third party bridge for moving value to and from these chains, creating transfer volume, and value for Stargate and its community.