# Summary In order to enable a seamless bridging experience to move MAGIC from Arbitrum One (`arb1`) to Treasure chain’s mainnet (`treasure`), TIP-46 proposes the following actions: - Deploy a Hyperlane Warp Route and supporting smart contracts to power direct, real-time (Fast Track) collateral-based bridging of MAGIC between `arb1` and `treasure` (”MAGIC Fast Track”). - [Optional] Dynamically monitor incoming bridge requests for automated collateral top-up on `treasure`. - Extend functionality of the MAGIC token on Ethereum (eth) to support minting and eventual burning of additional (bridge collateral) supply. - Mint additional MAGIC supply for use solely as bridge collateral to facilitate mint-to-burn within a closed-loop for migration purposes. The proposed method is zero-sum and does not result in additional MAGIC circulating supply. - Continue ongoing design and future rollout leveraging Chainlink CCIP for a long-term cross-chain MAGIC interop strategy. - Approve the council-managed operation to migrate MAGIC held in the DAO’s various multisigs as well as the MAGIC-ETH protocol-owned liquidity (”PoL”) (ratified in [TIP-43](https://forum.treasure.lol/discussion/24826-tip43-chain-migration-incentives)) through the canonical Arbitrum bridge and/or MAGIC Fast Track Bridge. - For the PoL portion, 80% will be bridged through the MAGIC Fast Track Bridge when available with the remaining 20% bridged through the canonical Arbitrum imminently as approved in TIP-43 # Read Full Proposal [See the proposal here](https://forum.treasure.lol/discussion/25803-TIP-46:%20Fast%20Track%20Bridging%20and%20MAGIC%20Collateral%20Mint) Voting Eligibility The following holders of MAGIC can vote: - (A) Stakers in the TreasureDAO [Governance Staking contract](https://governance-staking.treasure.lol/), and Sushi (MAGIC-ETH SLP) on Arbitrum One. - (B) Holders of all listed Magicswap LP tokens and stakers in Beefy’s mooSushiMAGIC-ETH vault or Balancer’s 50% MAGIC / 50% USDC weighted pool. gMAGIC will be calculated on a 1:1 basis in (A) and 0.5 ratio in (B) (50% of MAGIC amount)