Lido Proposal: #0xc12ae07242326a719cb6b6a5eb19cb77eb4515b4a5ebe58508f965a5b9abb27c
TempCheck: choosing a team to develop wstETH bridge on BNB
LayerZero: 4.7%
2,629,354 LDO
Wormhole & Axelar Multibridge: 81.1%
44,937,854 LDO
Chainlink CCIP: 14.1%
7,819,761 LDO
Hyperlane: 0%
540 LDO
Voting Period
-Proposer
0xDbBC6A93ae517D3ea568C04219cbBBd025f01CB6
Discussion
Go to DiscussionDescription
Following the Request for Proposals (RFP) from NEW (Network Expansion Workgroup) that concluded on December 5th, 2023, there are 4 eligible submissions to develop wstETH bridge on BNB received positive or neutral feedback from the community. This vote will identify the most supported team among the eligible competing submissions whose references given below to kick off or continue development.
Voting conditions
This vote is a 'temperature check' and does not require a quorum of 5% of LDO total supply (50M) votes for any single option.
The winning submission will be determined based on two conditions:
- A quorum of 50M in total across all options is reached.
- The leading option must exceed the second candidate by a margin of 20% of votes participated in the vote.
If the second condition is not met, the voting will be restarted, excluding options that received less than 10M LDO votes in the first round.
Submissions and forum discussions
This vote is required to complete the first phase of the BNB expansion process. Lido DAO is encouraged to engage in discussions and raise any concerns in the relevant forum posts to make the best decision.
LayerZero (updated proposal): https://research.lido.fi/t/layerzero-implementation-for-wsteth-on-bnb-chain-and-ownership-acceptance-by-lido-dao/6093
Wormhole & Axelar Multibridge: https://research.lido.fi/t/wormhole-x-axelar-lido-bridge-implementation-for-wsteth-on-bnb-chain/6012
Chainlink CCIP: https://research.lido.fi/t/deploy-wsteth-to-bnb-chain-using-chainlink-ccip/6082
Hyperlane & Hadron Labs: https://research.lido.fi/t/aggregation-multi-bridge-for-wsteth-on-bnb/6092
Next steps
After the successful temperature check, the team that was chosen by Lido DAO will proceed with the development of the solution. The solution once ready (developed, audited, reviewed by the NEW and deployed) will be proposed to the Lido DAO.