Proposal #409

Add AVAX to the list of Major category assets

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
54.80% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.01.25 at 15:09:48
Voting end 2023.01.30 at 15:09:48

Vote distribution

93.54%
106 260 755 osmo
Yes
0.28%
315 743 osmo
No
0.00%
5 375 osmo
Veto
6.18%
7 020 040 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.01.25 at 14:59:25
Deposit end time
2023.02.08 at 14:59:25

Description

This proposal would add AVAX to the list of assets that Osmosis recognises as strategically important for growth, increasing the incentives allocated to it.\n\n## Details\nAVAX is currently the rank 18 cryptocurrency by marketcap with a valuation of around .4 Billion, 12 times higher than Osmosis. wAVAX is the wrapped version of this able to be used across Avalance Network DeFi, for the purposes of bridged assets to other chains these are treated the same.\nThe majority of trade volume happens on alternative decentralised exchanges for wAVAX and centralised exchanges for AVAX, not on Osmosis.\nThis proposal asks if Osmosis has a strategic interest in attracting more liquidity of AVAX and so will enable it to access a greater proportion of liquidity incentives.\n\n## About AVAX\nAVAX is the native token of the Avalanche platform and is used to secure the network through staking, pay for fees, and provide a basic unit of account between the multiple subnetworks created on the Avalanche platform. wAVAX is the wrapped version of AVAX that enables use on the Avalanche network.\nWebsite: https://www.avax.network/\n\nCommonwealth Thread: https://commonwealth.im/osmosis/discussion/9547-onboarding-of-new-major-token-pool-avax

Votes

Voter
Answer















Proposal #409: Add AVAX to the list of Major category assets - Osmosis (OSMO) Mainnet Explorer