BarnBridge DAO Moves to Arbitrum


Protocol for managing DeFi risks BarnBridge announced that its DAO will be moving to Arbitrum. Users must bridge their BOND from mainnet to Arbitrum and stake BOND to obtain xBOND in order to participate in protocol governance.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: coincu.comHaroldCoincu NewsTags: ArbitrumBarnBridgeBONDDAODeFiEthereumxBOND


Add a Comment

Your email address will not be published. Required fields are marked *