MetalSwap

<blockquote>Originally written on MetalSwap’s Official Blog: <a href="https://metalswap.me/MIP-5-Linea" rel="noopener noreferrer nofollow">MIP-5 DAO Proposal</a></blockquote>We are excited to introduce the latest initiative to fortify MetalSwap platform&#39;s capability:the implementation of Hedging Contracts on Linea&#39;s Layer-2. This enhancement is driven by our commitment to scalability and optimizing MetalSwap for the future.Presenting <a href="https://gov.metalswap.finance/t/mip-5-should-metalswap-deploy-hedging-contracts-on-lineas-layer-2/132" rel="noopener noreferrer nofollow">the fifth MetalSwap Improvement Proposal (MIP-5)</a>, this initiative seeks to deploy our protocol on Linea&#39;s Layer-2, harnessing the potential of optimistic roll-up technology. Dive deeper into this proposal on the Governance Forum, where the DeFi Foundation has just unveiled the full text of the Official Proposal. Shortly, we&#39;ll prompt you to exercise your right and cast your vote via the official Governance dApp section. The voting window will open on the 6th of November 2023, spanning three days.For newcomers or those desiring a recap on our voting procedures, refer to our &#34;How to vote through MetalSwap&#39;s DAO&#34; guide available on our Docusaurus page. This step-by-step tutorial ensures that your voice counts in MetalSwap&#39;s evolutionary trajectory.<h2 id="header-0">Eligibility for Voting</h2>This pivotal DAO decision is accessible to MetalSwap community members adhering to these stipulations on Ethereum’s mainchain:<ul><li>Hold $XMT in their wallet</li><li>Have $XMT staked on the Active Ethereum Smart Pool</li><li>Possess $XMT staked in the ALPHA CLUB NFT Pools</li></ul>To get involved, ensure you tap the &#34;Self-Delegate&#34; option on MetalSwap&#39;s Governance Page for every public address you&#39;d like to enlist for the impending votes before the proposal transitions on-chain. The snapshot determining participation eligibility will be captured as the proposal goes live on-chain. Failure to select the &#34;Self-Delegate&#39;&#39; option before this time will render you ineligible to vote. Retaining our established criteria: a Quorum of 20 million XMT is requisite for the vote&#39;s validation.<h2 id="header-1">Advancements with Linea&#39;s Layer-2 Deployment</h2>Engaging with Linea&#39;s Layer-2 offers an array of benefits, including:<ul><li>Enhanced scalability and performance</li><li>Streamlined hedging contracts processes</li><li>Expanding visibility in the DeFi landscape</li></ul>By participating in this vote, you&#39;ll be instrumental in charting the path for our ecosystem, fostering a more robust and innovative MetalSwap.<h2 id="header-2">Voting</h2>This is the first ever official proposal to take place on Snapshot. Therefore, we invite every voter to follow <a href="https://snapshot.org/#/metalswapdao.eth" rel="noopener noreferrer nofollow">MetalSwap’s Official Snapshot Space</a>.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/49175efda7cc4fe085651dbb7daf603a.png" /><a href="https://snapshot.org/#/metalswapdao.eth" rel="noopener noreferrer nofollow">https://snapshot.org/#/metalswapdao.eth</a>The voting timeline is set for 3 days, commencing on the 6th of November 2023, net of technical problems that we cannot foresee as it is the first proposal on Snapshot.Your input can significantly mold MetalSwap&#39;s destiny. Your insights and perspectives are the fuel propelling our expansion, so seize this moment to leave a lasting legacy.Thank You-The DeFi Foundation<h2 id="header-3">✎ About MetalSwap</h2>MetalSwap is a decentralized platform that pioneers Hedging Contracts in the financial markets. Our mission is to provide coverage for digital asset operators and investment opportunities for liquidity contributors. With MetalSwap, we&#39;re revolutionizing the DeFi landscape with AMM-style Hedging Contracts.RISKOFF HEDGING CONTRACTS with <a href="https://appicp.metalswap.finance/" rel="noopener noreferrer nofollow">MetalSwap dApp!</a>

MIP-5 DAO PROPOSAL

Table of Contents

MetalSwap

Other articles published on Oct 27, 2023

Trezor investigates online fraud targeting crypto wallet users

Celer Launches Inter-chain Messaging and cBridge Bridging Support for Scroll Mainnet

Capitalization of PoS altcoins fell to $254b

Stage 4 of VC Spectra’s Presale Shows Strong Performance as Dogecoin (DOGE) and Tron (TRX) Prepar...

Gemini’s Billion-Dollar Battle with Genesis Over GBTC Shares!

Aptos Blockchain: Latest Developments and Future Prospects

Join our free newsletter for daily crypto updates!