Proposal to Enable New ZRC-20 Asset: DAI

Governance Proposals
1

This is a proposal to enable DAI as a ZRC-20 Asset. Enabling new ZRC-20 assets is a multiple step procedure that is outlined on the docs page.

Token information:

ZRC-20 on ZetaChain allows developers to create universal dApps by representing native gas and supported ERC-20 tokens from connected chains as ZRC-20 tokens for seamless cross-blockchain interactions. You can learn more about ZRC-20 Assets on our Docs page.

The ZetaChain developer and user community has expressed interest in this asset, the token contract meets all of the technical criteria, and enabling this token supports ZetaChain’s mission to become the Universal EVM.

A new governance proposal will be created to determine whether or not the network should move ahead with enabling this new asset. Please use this forum for discussion.

As a reminder, technical requirements (also in Docs):

  • Must be ERC20 compliant and be regular ERC20.
  • Must not rebase.
  • Must not have transfer fees.
  • Must not be involved in any scams.
  • Must be verified on Etherscan or equivalent explorers on other chain(s).
  • Must have a working product, utility, and an active community/userbase.
  • Must be audited.
  • Should be economically valuable/viable.
  • Should not be ERC777 or equivalent that can execute arbitrary code upon receiving funds.
  • Should have a proven track record without recent security, operational, or implementation issues.
  • Should have a source of initial liquidity.
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