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Symbiosis DAOSymbiosis DAOby0x04fDE790D26Da69AA9178249EAD6863977684e9D0x04fD…4e9D

[SIP-11] Base is a New L2 Candidate for Symbiosis to Expand on

Voting ended over 2 years agoSucceeded

Context

Base is a secure, low-cost, developer-friendly L2 built on the MIT-licensed OP Stack, in collaboration with Optimism. Secured by Ethereum and empowered by Coinbase, Base ensures full EVM equivalence at a fraction of the cost, paving the way for developers to onboard many new users to Web3.

The Base Mainnet will become available to users in August.

Proposal

  • Add support for Base to the Symbiosis protocol. The integration involves the following steps:
  • The stablecoin on Base to operate will be USDC.
  • Add support for the new blockchain to the Symbiosis protocol: the new stablecoin/WETH should be added to the 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 Base.
  • Add routing over existing DEXes on Base.

Key points

  • Interest in L2 networks is high.
  • Base is an EVM chain, so its integration into the Symbiosis protocol can be done with ease.

Off-Chain Vote

Yes
45.37K veSIS100%
No
0 veSIS0%
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Timeline

Aug 02, 2023Proposal created
Aug 02, 2023Proposal vote started
Aug 04, 2023Proposal vote ended
Oct 26, 2023Proposal updated