Proposal #506

Add LINK to the list of Major category assets

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
59.30% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.05.10 at 17:53:07
Voting end 2023.05.15 at 17:53:07

Vote distribution

91.08%
111 970 156 osmo
Yes
0.50%
616 768 osmo
No
0.01%
9 381 osmo
Veto
8.41%
10 337 548 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.05.10 at 17:47:16
Deposit end time
2023.05.24 at 17:47:16

Description

This proposal would add LINK to the list of assets that Osmosis recognises as strategically important for growth, increasing the incentives allocated to it. \n\n## Details \nLINK is currently the rank 21 cryptocurrency by marketcap with a valuation of around .4 Billion, 9 times higher than Osmosis. \n\nThe majority of trade volume happens on centralised exchanges or alternative DEXs, not on Osmosis. \n\nThis proposal asks if Osmosis has a strategic interest in attracting more liquidity of LINK and so will enable it to access a greater proportion of liquidity incentives. \n\nThis would be the first ERC20 token added to Major rather than native tokens.\n\n## About Chainlink\nChainlink decentralized oracle networks provide tamper-proof inputs, outputs, and computations to support advanced smart contracts on any blockchain. \n\nWebsite: https://chain.link/\n\nCommonwealth Thread: https://commonwealth.im/osmosis/discussion/11356-signalling-proposal-for-adding-link-to-major

Votes

Voter
Answer