Stargate, the LayerZero cross-chain bridge protocol, has responded to the current “drive majeure” incident that affected Multichain and stability considerations surrounding USDC, Fantom’s major USDC asset.

To handle these considerations and defend the ecosystem, Stargate is doing the next: launched We made complete proposals and launched a single-choice voting system for threat mitigation and ecosystem integrity. The voting interval for this proposal will start at 3:47 am on Could 27, 2023 and can finish at 3:47 am on Could 30, 2023.

Learn extra on Cointelegraph