stargatefi

Issue Statement:

Popcorn has recently passed a proposal to migrate liquidity from Ethereum and Polygon to Optimism, and would like to use Stargate to bridge our token.

Popcorn is a multichain DeFi wealth manager offering exposure to liquid asset strategies that not only earn competitive yield on your crypto, but simultaneously funds nonprofits and social impact organizations at no additional cost to the user.

POP, Popcorn’s native token, has the following use cases:

• Staking: Users generate yield from Popcorn vaults denominated in POP, and can stake POP for additional yield.
• Governance: POP holders can participate in network governance and vote on or propose Popcorn Improvement Proposals (PIPs).
• Social impact: POP holders can participate in selection and election of non-profits during grant distributions \

Solution:

Add POP to Stargate for the following chains.

• Ethereum
• Polygon
• Optimism

Popcorn will deposit USD $1M of POP in each of these chains, and will continue to provide added liquidity in response to demand for bridging.

Success:

POP can be bridged and allow liquidity to be migrated to Optimism.

Execution:

The Stargate team will develop the ability to swap POP between chains.

Timeline and Costs:

• Initial Smart contract development: 3 days
• Front end development: 1-3 days

Summary:

• POP is the native token of Popcorn, a multi-chain DeFi yield optimizer.
• In a recent proposal, Popcorn’s DAO has decided to migrate liquidity from Ethereum and Polygon to Optimism and would like to use Stargate to bridge the token.
• For more information on Popcorn, please visit the docs here: https://www.popcorn.network/