Stargate neighborhood proposes elimination of Fantom USDC pool to mitigate dangers

Stargate, the LayerZero cross-chain bridge protocol, has responded to the latest “power majeure” incident impacting Multichain, in addition to the steadiness issues surrounding anyUSDC, Fantom’s most important USDC asset.

To handle these issues 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 and can finish at 3:47 AM on Could 30.

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