Simple Summary

Deploy the $Kwenta token on Base via Base Bridge, enabling compatibility and facilitating the bridging of the $Kwenta token between Optimism and Base.

Abstract

Enabling bridging functionality of Kwenta tokens via Base Bridge.

Motivation

Synthetix V3 and Perps V3 is set to launch on Base, necessitating Kwenta tokens on Base.

Specification

Kwenta will deploy $Kwenta on Base mainnet using Base's recommended bridging framework & OptimismMintableERC20Factory standards

Technical Specification

Deploy $Kwenta token on Base: Using the OptimismMintableERC20Factory, a wrapped version of $Kwenta will be deployed on Base. Refer to the docs.

Submit details for $Kwenta token: After deploying the token on Base, the details of the token will be submitted to the Base Token List.

Approval and Verification: Upon PR submission, the $Kwenta token will wait for approval from the Base team. Once the $Kwenta token wrapper contracts are verified and approved, it will be ready for use.