Some thoughts on Expanding to Miro
- Leveraging Base’s Growth: It’s not secret of Base’s rapid growth in txns and TVL, and as a whole is a promising platform for ParaSwap’s expansion. Integrating with Base can enhance liquidity and user engagement, benefiting the entire ecosystem.
- Cross-Chain Migration Facilitation: this is high priority and needs to be properly developed. A well designed tool will allow for seamless asset bridges from Ethereum and Optimism to Base.
- Enhanced Staking Flexibility: By offering staking options on Base, users can have reduced transaction costs and faster interactions, in support.
- Liquidity Provisioning: Ensuring sufficient liquidity on Base is crucial. The proposed migration incentives and support from Laita Labs are vital to bootstrap this liquidity effectively.
The request for $40,000 USD, appears pretty justified given the scope of development, auditing, and execution. Covering user gas fees during migration is a thoughtful approach to encourage adoption and demonstrate the benefits of intent-based execution.
We would love to see some more info on the incentives distribution on base, as well as indepth timeline of execution.