Euler community votes to deploy lending protocol to BNB Chain
Quick Take
- A proposal to deploy Euler on BNB Chain saw a majority the community show support with 83.05% votes in favor.
A snapshot vote to determine if the Euler lending protocol would branch out to Binance’s BNB Chain from Ethereum saw the motion pass with a majority of votes.
In all, 83% of Euler community members were in favor of the proposal to deploy on BNB Chain, according to a Snapshot vote.
BNB Chain said it would fully support the Euler community with initiatives and proposals in a proposed request for comment on the matter outlining deployment. Euler’s performance during bear market conditions, and the fact that BNB Chain offers a complete EVM for ease of deployment, were among factors that contributed to the suggested collaboration.
“Both projects are in high demand, so we believe the time is right to collaborate more closely,” the proposal noted.
BNB Chain isn’t the only chain for which Euler is eyeing deployment. Requests for comment are now posted for the lending protocol community to weigh in on whether to move Euler to Arbitrum, Polygon, and XDC Network.
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