Stargate Community Proposes Governance Proposal for Seamless Compatibility with Sei Network

IconCryptoNewsTerminal Staff24 Jul, 2024

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Stargate Community Proposes Governance Proposal for Seamless Compatibility with Sei Network

Stargate, the leading cross-chain bridge, is actively seeking community input on a governance proposal designed to integrate the Sei Network (SEI), a high-performance Layer 1 blockchain. This strategic move aims to enhance the interoperability of the Stargate ecosystem. As per the snapshot, Stargate's community is overwhelmingly supportive of the proposal, with an approval rate of 99.0%. The voting period will conclude on February 27th at 3:52 PM (KST). By establishing a bridge with Sei Network, Stargate users will gain access to SEI's fast and cost-effective transaction processing capabilities. This integration will further increase the utility of Stargate and simplify the transfer of assets and data across multiple blockchains. Stargate's commitment to interoperability and cross-chain communication is evident in this initiative. The community's positive response reflects the alignment of this proposal with the project's vision of a connected blockchain landscape. As the voting process nears its end, the Stargate community eagerly anticipates the successful implementation of this proposal. This integration has the potential to significantly enhance the user experience and expand the reach of both Stargate and the Sei Network.