Transfer of Funds to GC Base

Below is a proposal to send 500k sUSD to the Omni-Chain Multi-sig to be deposited into xDXdao base for worker payments.

Details

This proposal suggests bridging the following funds from Mainnet to Gnosis Chain:

  • 500k sUSD to be split 50/50 DAI and USDC, then bridged

The proceeds are intended to replenish xDXdao base and facilitate xDai base operations such as worker proposals.

This proposal sends 500k sUSD to the xDXdao base. The DAI will be sent to the Omni-Chain MS identified as 0x9467dcFD4519287e3878C018c02f5670465a9003 whose signatories have been verified as REP holders.

Risks and considerations

Transfer of these funds relies on the multi-sig. Gnosis Chain also presents risks because security is dependent on its limited validator set. Additionally, cross-chain bridges are still new and not battle-tested.

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