Fast bridging support and co-incentives for sUSD

Summary :

This is a proposal for HOP protocol to offer fast bridging support for sUSD between Optimism and ETH Mainnet.

The Synthetix Treasury Council has committed to incentivizing liquidity growth in the sUSD/hsUSD LPs on Optimism with $OP rewards partly reallocated from $SNX pool.

Request HOP Protocol to do a matching co-incentive by moving $HOP incentive from SNX pool.

Rationale :

Synthetix’s ecosystem, including its sUSD, has been among the most utilized dapps on Optimism since its launch in 2021. This proposal requests sUSD fast bridging support between Optimism and ETH mainnet from the HOP protocol. The Synthetix Treasury Council intends to incentivize sUSD/hsUSD LPs with 5,000 $OP monthly by reallocating from SNX pool and requests a matching co-incentive from the HOP Protocol by moving 50,000 $HOP from SNX pool. The aim is to drive more utility for sUSD and facilitate onboarding new/existing users into/to the Synthetix ecosystem.

Specification :

Roll out bridging support for sUSD on Hop. Incentivize liquidity for hsUSD/sUSD with 5000 $OP which will be moved from SNX pool. Matching co-incentive by moving 50,000$HOP from SNX pool.

start

February 13, 2023

4:16 PM

end

February 18, 2023

4:16 PM

Voting

off-chain

Voting type

single-choice

Voters

766

Votes

10,979,777

Final Votes

closed

For

11M HOP (delegated)

99.92%

Against

8.9K HOP (delegated)

0.08%

item label

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DAO name

0x000000000000

Mon 00, 2024 00:00

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