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Symbiosis DAOSymbiosis DAOby0x04fDE790D26Da69AA9178249EAD6863977684e9D0x04fD…4e9D

[SIP-7]: Add Polygon zkEVM to Symbiosis protocol

Voting ended over 2 years agoSucceeded

Context

Polygon zkEVM is a Layer 2 scaling solution that uses zkRollups to provide high throughput and low gas fees for Ethereum-compatible smart contracts. The adding of every new blockchain into the Symbiosis protocol not only amplifies transaction volume but also enhances the protocol's recognition among users. Polygon zkEVM is very efficient, highly scalable and secure, so we all definitely need it!

Proposal

Add Polygon zkEVM to the Symbiosis protocol. The integration includes the following:

  • The stablecoin on Polygon zkEVM to operate will be USDC.
  • Add support for the new blockchain in the Symbiosis protocol: the new stablecoin should be added to Symbiosis AMM DEX on the host chain, and the Symbiosis relayer network should start working with the newly added blockchain.
  • Deploy and tune Symbiosis contracts on Polygon zkEVM.
  • Add routing via existing DEXes on Polygon zkEVM.

Key points

  • This chain is in high demand at the moment, and Symbiosis always tries its best for its loyal users!
  • Polygon zkEVM transactions are much cheaper than Ethereum mainnet transactions.
  • Symbiosis believes zk technology is the future.

Off-Chain Vote

Yes
106.29K veSIS100%
No
0 veSIS0%
Another chain
0 veSIS0%
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Timeline

May 30, 2023Proposal created
May 30, 2023Proposal vote started
Jun 01, 2023Proposal vote ended
Oct 26, 2023Proposal updated