Why do they need approval to launch? Isn't it better to simply be a general purpose chain that anyone who wants can build without approval? I am sure if someone builds a spot/perp exchange the team will help with what resources we can afford.
This proposal is kinda competing with hyperliquid. Is not BAAM already in this path (not via order books)
Based on the proposal, “Their proposal includes a 15% commitment of any potential Ethereal token to circulating $ENA holders” Something like this would need governance.
They need to approve a airdrop? Might be that I misunderstand haha
The way I read it, and I could be wrong, it would be like us allocating 15% of FXS to ENA holders
Just read it now, and it says it is a airdrop 👍 Would be crazy to give them 15% of ENA. Anyways, lets keep it relevant to Frax here haha
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