Approve Axelar via Moonbeam as the Canonical Polkadot Bridge
passed
Expected result
Passed
Turnout / Quorum
50.27% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.05.31 at 12:29:29
Voting end 2022.06.05 at 12:29:29
Vote distribution
87.48%
91 167 365 osmo
Yes
0.08%
82 890 osmo
No
0.01%
9 009 osmo
Veto
12.43%
12 950 874 osmo
Abstain
Details
Proposer
-
Total deposit
500 osmo
Submit time
2022.05.31 at 12:25:52
Deposit end time
2022.06.14 at 12:25:52
Description
- Voting YES for this proposal indicates that Axelar via Moonbeam will be considered the Canonical Bridge into the Polkadot Ecosystem for Osmosis\n\n* Voting NO for this proposal indicates that Axelar via Moonbeam will not be considered the Canonical Bridge into the Polkadot Ecosystem for Osmosis\n\nProposal 206 declared Axelar to be the Canonical Ethereum bridge for Osmosis. This has connected Osmosis to multiple Ethereum Virtual Machine (EVM) chains including Moonbeam, an EVM parachain in the Polkadot ecosystem. \nThe expectations for bridge provision (approved in Proposal 205) established a strong preference for the winner of the bridge-off to also provide service to other ecosystems: 'At the discretion of the Osmosis developers (subject to the advice and consent of the DAO) Osmosis will use the selected BSP for bridges beyond Ethereum (EVM or otherwise), unless another or better bridge is already available that the service provider cannot match (within whatever timeframe the Osmosis developers or DAO finds reasonable).' \naxlDOT will soon be available via the Axelar bridge from Moonbeam. This proposal asks that axlDOT is considered to be the canonical DOT on Osmosis until a more IBC Native version of DOT is available, at which point a transition process will be proposed.\nOther assets native to the Polkadot ecosystem arriving via this route would also be treated in the same manner. \n\nCanonical status sets the following agreement:\nDefault Asset List – assets will be unprefixed in the app.osmosis.zone default asset list, e.g. DOT with all other bridges’ assets being bridge1DOT, bridge2DOT, etc. Osmosis DAO requests that allied/friendly front-ends do the same, though any front-end is free to make its own decisions.\nOsmosis Incentives – the DAO commits to prioritizing the Canonical Bridge assets, incentivizing them earlier and more heavily than the comparable assets of non-canonical bridges. In general, canonical pools should earn substantially more incentives per dollar of liquidity than their counterpart pools–under the base incentives model, not necessarily counting external incentive matching.\n\nCommonwealth Thread: https://commonwealth.im/osmosis/discussion/5099-approve-axelar-via-moonbeam-as-the-canonical-polkadot-bridge
Votes
Voter
Answer