Voting for the future home of $TRIPS Token
In the dynamic world of decentralized finance, adaptability is key.
As the participants of the $TRIPS ecosystem, we look towards our community, the token holders and supporters, the visionaries and pioneers like us, to help us in our next phase.
The question is simple, yet the decision and its implications are not so:
On which blockchain should we launch the new token?
Reflecting on Our Journey
To better imagine our future, it’s essential to understand our past.
Our original token was first deployed on the Ethereum Mainnet, and made its way, getting bridged to Gnosis (once known as xDAI) and then to Polygon.
Each step had its reason, with liquidity and transactions costs playing a significant role.
Here is the info on the $TRIPS token up to today from our website.
The list of EVM chains we’ve provided in the governance vote is arranged based on liquidity (as seen on DefiLama).
But, of course, there are exceptions.
Despite being smaller or perhaps not as popular, some chains were considered important by our community.
If you believe we’ve overlooked a crucial blockchain or just one that you feel would be perfect for our token, please opt for the “add chains-redo the vote” option.
A Glimpse into Layer 0
In our continuous endeavour to stay ahead and experiment, we’re considering the brand-new Layer 0 protocol.
What’s exciting about this protocol is that it could potentially make our token instantly bridgeable to a plethora of chains.
This could revolutionize how we operate, making our token more versatile than ever.
For those of you who love diving deep into the technicalities, there’s a conversation over at our Discord channel, ‘liquidity-providers’, discussing this very possibility. Click here to get into our Discord channel.
The Main Chain and its Bridges
While voting, remember that the chain that gets the most votes will be our primary chain. At the same time, that doesn’t mean we’ll neglect the others. Based on bridge availability, quality, and necessity, we’ll consider bridging to the other chains in due time.
Your Vote
Here’s how you can influence our next move:
You can vote as many as you want and they will have the same weight.
Remember, while liquidity is a factor, this isn’t strictly a vote about liquidity. Some chains, even if less liquid, might offer unique advantages that resonate with our vision.
Take Action: Let’s craft the future together, use your tokens and let’s decide $TRIPS’s path forward!
Click here to get to the ongoing vote on Snapshot (The deadline for voting is on the 29th of September 2023).
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