Stargate community proposes removal of Fantom USDC pool to mitigate risks By Cointelegraph

Stargate, the LayerZero cross-chain bridge protocol, has responded to the recent “force majeure” incident impacting Multichain and the stability concerns surrounding anyUSDC, Fantom’s main USDC asset.

To address these concerns and safeguard the ecosystem, Stargate has introduced a comprehensive proposal and initiated a single-choice voting system for risk mitigation and ecosystem integrity. The voting period for the proposal began at 3:47 AM on May 27, 2023, and will end at 3:47 AM on May 30, 2023.

Screenshot showing the number of votes for the proposal.