Date Created: 15/03/2023
Date Posted: 16/03/2023
We are making steady progress on the technical components of the project as outlined in the roadmap. Specifically, we are requesting approval to deploy new smart contracts on the Polygon and Ethereum blockchains in order to enable cross-chain interoperability. Implementing cross-chain functionality will significantly expand Bolide’s capabilities and open up new opportunities for growth.
Bolide successfully launched in 2021 and has seen strong growth over the past year. To build on this momentum, the team has been developing a new cross-chain deposit feature that will allow users to transfer assets between Polygon, Ethereum and BNB blockchains. After extensive testing in a sandbox environment, we are now ready to deploy the cross-chain deposit smart contracts on the Polygon and Ethereum mainnets. These contracts will facilitate the secure transfer of liquidity into Bolide’s vaults across different blockchain networks. Enabling cross-chain interoperability is a major milestone that will help Bolide attract new users and partners in the DeFi ecosystem.
MISSION & VALUES ALIGNMENT
Our company’s core mission is to rapidly and securely generate returns by leveraging cryptocurrency markets. This proposal is fully aligned with that mission. Specifically, enabling cross-chain interoperability will significantly expand our platform’s capabilities and open up new avenues for growth. By allowing users to transfer assets between the Polygon, Ethereum and Binance Smart Chain blockchains, we will attract more customers and partners, ultimately driving greater profitability. Overall, this feature release represents a major step forward in our goal of becoming the leading crypto asset management platform. We are confident it will generate substantial value for our users, partners and shareholders.
SCOPE OF WORK
Scope of work to includes but not necessarily limited to the following:
- Deploy the latest version of AccumulatedDepositor.sol on BNB chain
- Deploy the latest version of CrossChainDepositor.sol on Polygon and Ethereum chains
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.