The Stargate DAO is considering a proposal to decrease its involvement with a stablecoin issued by Multichain protocol and to separate pools containing the asset from its other pools.

The proposal aims to lower exposure to any tokens associated with Multichain, which has been experiencing ongoing issues for a week, including delayed transactions and three cross-chain routes still offline. While the Fantom blockchain has significant exposure to Multichain, other crypto entities such as Binance, Conflux, HashKey Group, and Tron founder Justin Sun have also taken measures to reduce their exposure to Multichain.

The proposal has received 1.1 million vested stargate tokens in favor and 16,000 votes against, but it still needs to reach the 2 million quorum required for implementation.