Add WBNB to the list of Major category assets
passed
Expected result
Passed
Turnout / Quorum
67.87% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.11.09 at 15:38:53
Voting end 2022.11.14 at 15:38:53
Vote distribution
96.73%
136 110 928 osmo
Yes
1.18%
1 657 079 osmo
No
0.00%
3 533 osmo
Veto
2.09%
2 938 751 osmo
Abstain
Details
Proposer
-
Total deposit
1 600 osmo
Submit time
2022.11.09 at 15:35:19
Deposit end time
2022.11.23 at 15:35:19
Description
- By voting YES on this proposal, OSMO stakers voice their support for adding WBNB to the list of assets that receive incentives as a Major token.\n\n* By voting NO on this proposal, OSMO stakers voice their dissent to adding WBNB to the list of assets that receive incentives as a Major token.\n\nDetails\nBNB is currently the rank 4 cryptocurrency by marketcap with a valuation of around 8 Billion, 80 times higher than Osmosis. WBNB is the wrapped version of this able to be used in Binance Smart Chain DeFi.\nThe majority of trade volume happens on centralised exchanges and not on Osmosis.\nThis proposal asks if Osmosis has a strategic interest in attracting more liquidity of WBNB and so will enable it to access a greater proportion of liquidity incentives.\n\nAbout WBNB\nWBNB is the wrapped version of BNB and is the most liquid, volatile asset across Binance Smart Chain DeFi. WBNB currently arrives on Osmosis via the Axelar bridge.\nBNB is used to pay for goods and services on Binance, settle transaction fees on Binance Smart Chain, participate in exclusive token sales and more.\nWebsite: https://www.binance.com/en/bnb\n\nCommonwealth Thread: https://commonwealth.im/osmosis/discussion/7507-onboarding-of-new-major-token-pool-osmowbnb
Votes
Voter
Answer