BIO Protocol Community Launches Proposal to Cross-chain BIO to Solana Network
Odaily reports that the DeSci protocol BIO Protocol community has initiated a proposal to "cross-chain BIO to Solana", aiming to expand its influence by deploying the BIO token on the Solana blockchain. This will allow the protocol to establish a liquidity pool to enhance the accessibility of the BIO token and other tokens in the BIO ecosystem, and will also lay the foundation for deploying the BIO Protocol on the Solana chain. If the proposal is approved, the BIO community will accept the following actions by the BIO Association: -Establish cross-chain bridge infrastructure to enable seamless token transfer to/from the Solana blockchain; -Bridge the BIO token by deploying the BIO token program on Solana; -Grant the BIO Association the authority to: ·Allocate an additional 1% from ecosystem incentives to a market liquidity fund for deploying liquidity pools on Solana and potentially other chains; ·Deploy a liquidity pool on Solana with a liquidity depth of approximately $1 million, distributed across concentrated and widely-dispersed liquidity ranges; ·Actively manage the liquidity pool on the Solana chain to optimize the capital efficiency of the liquidity pool.
