Dear
$VAB Community,
Over the past several days we have been meeting to discuss a potential change to Vabble and the
$VAB token.
First and foremost, we would like to thank you all for your patience over recent months as we build, polish and test Vabble.
Last week, we had to move Vabble off of Mumbai and switch to Amoy as the Mumbai test network on Polygon is deprecated. During this time, some of the team had a consultation with a blockchain VC advisory team. After that discussion, something came to light, something we had talked about internally as a team in the past.
That conversation was about Polygon and the decision to launch on Polygon. Over the days since that advisory meeting, we have met to discuss if the Polygon network is really the right choice to fully launch Vabble on considering all the variables. With these meetings, we came to a conclusion that Polygon may not be the correct chain.
Outlined in VIP-4, is the argument for and against migrating both the Ethereum and Polygon token/liquidity pools over to
@base Network.
@coinbase own Rollup chain based on
@Optimism Stack. We believe BASE Network is going see explosive growth in coming months with it already surpassing mature L2 chains. Additionally, it will make the use of VAB much easier for every current community member and all new community members we expect to see.
These changes, should the community be in favor, are not a massive change for us internally given that BASE is an L2 chain, like Polygon, and will only add 2/3 weeks of work after the voting period of VIP-4.
As for you as a user, you won't have to do anything aside from add Base chain to your metamask or import your wallet to the Coinbase wallet. All users will receive a 1:1 airdrop after a snapshot takes place.
Given this change is so significant, we are not going to make this decision ourselves. We have prepared everything there is to know about this change and presented it on the proposal on Snapshot. The final decision on this move is up to you.
As always, myself and the team will be available on discord and in telegram to answer all your questions.
VOTING AND DISCUSSION
To discuss this proposal in detail, use our dedicated discord channel.
To commit your vote, visit:
snapshot.org/#/vab.eth/propo…
The proposal must receive 50,000,000 VAB in favor to pass.
The Proposal will expire on 2nd of May.