Stargate group proposes removing of Fantom USDC pool to mitigate dangers

Stargate, the LayerZero cross-chain bridge protocol, has responded to the current “drive majeure” incident impacting Multichain and the soundness considerations surrounding anyUSDC, Fantom’s principal USDC asset.

To handle these considerations and safeguard the ecosystem, Stargate has launched a complete proposal and initiated a single-choice voting system for danger mitigation and ecosystem integrity. The voting interval for the proposal started at 3:47 AM on Could 27, 2023, and can finish at 3:47 AM on Could 30, 2023.

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