LTIP-14: Expand L2DAO token to Base

Summary This LTIP proposes to that Layer2DAO expand its operations to Base by setting up a canonical token on that chain and begin engaging with partner projects on Base.

Abstract Layer2DAO is about leadership in the Ethereum Layer2 space and bringing visibility to L2 projects and chains. This vote is in alignment with the overall vision and roadmap of Layer2DAO to expand to new L2 chains and participate in the ecosystem. The team will create the canonical L2DAO token contract for Base and deploy it on the chain. This will allow us to begin partnerships on the chain that involve our token.

Voting will take place using xL2DAO (locked L2DAO on Arbitrum).

Implementation If LTIP-14 is approved, Layer2DAO will initiate the following steps:

Create canonical L2DAO token contract for Base
Deploy token to testnet, followed by mainnet
Submit token on block explorer
Enable token on bridges (starting with Synapse)
Bridge 25,000,000 L2DAO tokens (2.5% of supply) from the DAO treasury to Base, with the option to bridge up to 100,000,000 L2DAO tokens (10% of supply) if the use cases exist
Initiate partnerships with projects on chain

Dependencies There are several dependencies on Base that need to be met to complete the implementation. These include, but are not exclusive to:

Gnosis Safe support
Bridge support
No unexpected security issues

Copyright Copyright and related rights waived via CC0.

start

August 29, 2023

3:50 AM

end

September 1, 2023

3:50 AM

Voting

off-chain

Voting type

basic

Voters

277

Votes

35,377,798

Final Votes

closed

For

35.1M xL2DAO

99.3%

Against

245.9K xL2DAO

0.7%

Abstain

1.3K xL2DAO

item label

Placeholder title of a dao proposal

DAO name

0x000000000000

Mon 00, 2024 00:00

About Voters Analytics

Lorem ipsum dolor sit amet

Lorem ipsum dolor sit amet consectetur adipisicing elit. Veniam maxime tenetur saepe, debitis quae quos vitae cum obcaecati recusandae suscipit magni delectus sit animi quam veritatis aut, numquam illo voluptatem! Lorem ipsum dolor sit amet consectetur adipisicing elit. Veniam maxime tenetur saepe, debitis quae quos vitae cum obcaecati recusandae suscipit magni delectus sit animi quam veritatis aut, numquam illo voluptatem!

Voting

100,000

Voting type

100,000

Starts in

100,000

Voters

1,000,000

Votes

1,000,000

Votes

Choice label

TICKER

100%

Choice label

TICKER

100%

Choice label

TICKER

100%