Authors: Vanilla#2222
Date Created: 08/08/2023
Date Posted: 08/08/2023
SUMMARY
A few months ago, we initiated a collaboration with Celer Network, a strong supporter of Bolide, to facilitate the bridging of the $BLID token. Our goal is to increase the funds on the BNB network through the Celer bridge, an essential step for successful bridging. We’re reaching out to the community for their approval of this initiative.
BACKGROUND
We are actively enhancing our bridging ecosystem to facilitate the deployment of smart contracts with our algorithm-based yield strategies across various blockchains. These include Optimism, Arbitrum, zkSync, Era, BNB Chain, Polygon, and Ethereum blockchains.
The goal is to simplify the cross-bridge operations and make them cheaper for the community.
This represents a significant milestone for our community, enabling us to access the best APY for individual crypto assets across various blockchains.
MISSION & VALUES ALIGNMENT
This proposal is part of our primary mission — speed and security of profit generation enabled by crypto assets.
SCOPE OF WORK:
● Providing liquidity to the bridge
FINANCIAL IMPLICATIONS
A total of 5 million $BLID tokens are set to be allocated from the Company wallet to the BNB network to serve as liquidity.
POLL
Yes – If this proposal passes, Bolide will follow the proposed usage of funds as described above.
No – If this proposal rejects, it will go back for further discussion to align on the required changes before the updated proposal is re-sent for review.