Stargate community proposes removal of Fantom USDC pool to mitigate risks
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Stargate, the LayerZero cross-chain bridge protocol, has responded to the recent “force majeure” incident impacting Multichain and the stability concerns surrounding anyUSDC, Fantom’s main USDC asset.
To address these concerns and safeguard the ecosystem, Stargate has
On May 25, Binance declared a temporary halt on deposits for bridged tokens associated with Multichain. In conjunction with the technical measures, Stargate acknowledges the significance of facilitating a seamless transition for its liquidity providers. The proposal highlights the importance of whitelisting current LPs, allowing them to redeem their LP on alternative chains.
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