Proposal for Loan Swap of OSMO to Axelar

AXL/OSMO will be a regular 50/50 pool on Osmosis, with 0.2% swap fee and no exit fee. We are requesting 741,000 OSMO (~$1m at current prices) to be delivered to an address controlled by Axelar Foundation. The loaned OSMO, together with AXL tokens contributed by Axelar Foundation, will be used to bootstrap liquidity in the pool AXL/OSMO for at least 3 months after AXL token launch. The OSMO loan will be repaid in AXL tokens (or USDC), on or before November 2, 2022.

Full proposal details here [https://commonwealth.im/osmosis/discussion/6875-proposal-for-loan-swap-of-osmo-to-axelar]

VOTE By voting YES on this proposal, OSMO stakers voice their support for a loan swap of OSMO to Axelar. By voting NO on this proposal, OSMO stakers voice their dissent for a loan swap of OSMO to Axelar.

About Axelar: Axelar delivers secure cross-chain communication for Web3. Its infrastructure enables dApp users to interact with any asset or application, on any chain, with one click. In April 22nd, in proposal 206, Axelar was voted by the Osmosis community to be the canonical ethereum bridge service provider.

Website: https://axelar.network/