According to Foresight News, Stargate, a cross-chain liquidity protocol based on LayerZero, has initiated two community proposals. The first proposal is for a 12-month foundation budget, applicable from September 2023 to August 2024, requesting a budget of $1.8 million. The funds will be transferred to a designated foundation multisignature 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) while increasing the fee by 0.07%. Both proposals are currently under community consideration.
