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Stargate DAOStargate DAOby0xCff5be1cf3C7Cfe073Ade82d1dC27be33c998D6e0xCff5…8D6e

Add Metis Chain support for MAI Bridging

Voting ended over 2 years agoSucceeded

Proposal: Add Metis Chain support for MAI Bridging

--MAI and Stargate-- MAI is currently listed on Stargate on Optimism, Arbitrum, Polygon, Ethereum, Avalanche, and BNB.

MAI's deployment on Stargate enjoys liquidity support from QiDao. This reduces the cost of capital for Stargate to 0% for maintaining liquidity for MAI.

--Motivation-- Currently, the only major stablecoin project on Metis is QiDao. It represents the largest onchain use case for the $METIS token.

Given the delisting of Multichain from MAI's crosschain bridging program, there is a need for a new canonical bridging into Metis.

--Specifications-- MAI's address on Metis: 0xdFA46478F9e5EA86d57387849598dbFB2e964b02 The address can be confirmed via QiDao's docs: https://docs.mai.finance/functions/smart-contract-addresses

QiDao will support this deployment with protocol-controlled liquidity.

Off-Chain Vote

Yes
7.48M veSTG94.1%
No
283.11K veSTG3.6%
Abstain
182.38K veSTG2.3%
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Discussion

Stargate DAOAdd Metis Chain support for MAI Bridging

Timeline

Jul 12, 2023Proposal created
Jul 12, 2023Proposal vote started
Jul 15, 2023Proposal vote ended
Oct 26, 2023Proposal updated