SUMMARY

Migrate Metal L2 from the Optimism Superchain to a sovereign Metal Blockchain subnet. MTL becomes the native gas token. This proposal authorizes the technical migration, exchange transition plan, and full alignment of Metal L2 with the Metal Blockchain ecosystem.

Full details and architecture: https://metalhomecoming.com

WHAT CHANGES

- Metal L2 moves from OP Stack to a Metal Blockchain EVM subnet

- MTL becomes the native gas token (every transaction requires MTL)

- Sub-second finality (~0.5s) replaces 7-day withdrawal delays

- Full sovereignty over upgrade cadence — no forced hard forks

- Built-in compliance features for banking and credit union use cases

WHAT STAYS THE SAME

- All EVM tooling and Solidity contracts work unchanged

- Metal Dollar (XMD) continues operating with the same basket and governance

- MTL remains the Metal DAO governance token

- Existing exchange integrations preserved through parallel operation period

- We intend all wallet and dApp integrations to carry over

WHY

- MTL utility: Every transaction creates structural MTL demand

- Speed: Sub-second finality for payments and exchange compatibility

- Sovereignty: No more forced upstream upgrades

- Aligned ecosystem: Metal L2 lives on Metal Blockchain — the L0 we already operate

- Banking-ready: Compliance features built into the chain

MIGRATION PLAN

1. Phase 1: Deploy Metal Blockchain subnet testnet for exchange integration testing

2. Phase 2: Subnet mainnet launch — both chains operate in parallel

3. Phase 3: Exchanges migrate primary support to subnet

4. Phase 4: Sunset OP Stack chain after exchange transition complete

Estimated timeline: 6-12 months end-to-end. No disruption to existing users during transition.

WHAT THIS PROPOSAL AUTHORIZES

- Technical migration of Metal L2 to Metal Blockchain subnet

- MTL as native gas token on the new chain

- Coordinated exchange transition with parallel operation period

- Continued governance of XMD and ecosystem parameters by MTL holders

VOTE

For: Authorize the Homecoming migration as outlined.

Against: Continue operating Metal L2 on the Optimism Superchain.

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For complete technical architecture, exchange migration plan, financial analysis, and roadmap details: https://metalhomecoming.com