Protocol for managing DeFi risk BarnBridge announced the migration of its DAO to Arbitrum.
Users must bridge their BOND from mainnet to Arbitrum and stake BOND to obtain xBOND in order to participate in protocol governance.
BarnBridge DAO has just landed on @arbitrum Our governance system has been fully revamped with a whole new architecture introducing a module/policy-based approach.Migrate your $BOND to Arbitrum using the official bridge and stake it here https://t.co/7weTbohkR9
— BarnBridge (@Barn_Bridge) December 2, 2022
Furthermore, BarnBridge intends to shift liquidity from the mainnet BOND/USDC UNI V2 pool and Balancer’s OHM/BOND pool to Arbitrum.
The migration from Ethereum mainnet to Arbitrum, paired with the improvements the team has made to the governance systems, will expand the ability of the governance system to work at scale.
To participate in the BarnBridge governance, a user needs xBOND in their wallet, which can be claimed by staking their BOND tokens.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News