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Stargate initiated a community proposal to "reduce Aptos cross-chain time" and "a budget of 1.8 million dollars."

Sep 19, 2024 04:34:02

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ChainCatcher message, based on the LayerZero cross-chain liquidity protocol Stargate, initiates community proposals regarding the "Foundation 12-Month Budget Proposal" and "Reducing the Block Confirmation Times for the Aptos Cross-Chain Bridge and Increasing Fees." The first proposal applies to the period from September 2023 to August 2024, requesting a budget of $1.8 million, which will be transferred to a designated foundation multi-signature address and used for technical support (including audits), legal, marketing, and other operational expenses; the second proposal aims to reduce the block confirmations for Aptos cross-chain assets to 260 blocks (approximately 1 minute), but with an additional fee of 0.07%.

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