On its official Twitter account, $IOTA has revealed the results of the Shimmer governance token.
The $IOTA team reported significant milestones in governance in its Q1 report. In March, the first four Shimmer governance proposals were put to a vote by the Shimmer community, thanks to a collaboration between the governance team and the Firefly team.
3/ #Shimmer Governance Voting has wrapped & the results are in!
— $IOTA (@iota) April 10, 2023
The community agreed to set up a
✅Shimmer Growth Committee
✅Shimmer Community Treasury Grant Committee
Find out who the members of these committees are and what comes next👇https://t.co/8jVbYeN6vX
Shimmer token holders had the opportunity to vote on the four proposals from March 16 to March 30. As stated in a blog post, all four of the governance proposals voted on by the Shimmer community have been accepted.
The community agreed to set up a Shimmer Growth Committee and a Shimmer Community Treasury Grant Committee and decided who the members of these committees would be.
SMR token holders accepted a proposal to establish a Community Treasury Grant Committee and set it up as a legal DAO entity in the Marshall Islands with a budget of 27,204,307 SMR tokens for a one-year grant program.
Shimmer Multichain partnership and EVM testnet launch
Shimmer recently announced its partnership with Multichain, a cross-chain router protocol that enables interoperability between ShimmerEVM and other networks. This will enable Shimmer and $IOTA tokens to be bridged between the two ecosystems, with future cross-chain solutions between the Shimmer EVM and other major blockchains supported by Multichain.
With 56 supported EVM and non-EVM chains and more than 2,460 integrated projects supported by Multichain, the integration is believed to be a major milestone and will contribute the growth of the Shimmer and $IOTA ecosystems.
Last month, the ShimmerEVM testnet chain was launched, another major milestone for the staging network.
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