Deploy Venus Protocol on Arbitrum

The Venus community is publishing this Snapshot Vote in response to the (Venus Request for Comments) proposal submitted on the Venus forum several weeks ago.

Rationale

We propose the cross-chain deployment of Venus Protocol to Arbitrum One. Arbitrum One is the leading Layer 2 most in line with Vitalik’s vision of a rollup-centric roadmap. The ecosystem has seen successful cross-chain deployment of projects such as Wombat Exchange, DODO, Gains Network, and Lyra, We look forward to the opportunity to welcome Venus Finance to its ecosystem.

Summary

Arbitrum is the leading optimist roll-up solution from a TVL perspective 1, number of live dApps 2, gas efficiency, and computational capacity with the Nitro upgrade. Arbitrum One currently has over $6B TVL, 1000+ dApp integrations, 9.7M+ unique addresses, and occupies 60%+ of the roll-up market share. As Venus Finance continues its 2023 product roadmap development, we believe that deploying on Arbitrum can offer a number of benefits.

For the full details of this proposal, please see the below link to the Venus Community Forum.