Proposal #507

Add FIL to the list of Major category assets

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
58.87% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.05.10 at 17:53:20
Voting end 2023.05.15 at 17:53:20

Vote distribution

92.46%
112 837 578 osmo
Yes
0.78%
956 730 osmo
No
0.01%
10 382 osmo
Veto
6.75%
8 232 836 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.05.10 at 17:48:17
Deposit end time
2023.05.24 at 17:48:17

Description

This proposal would add FIL to the list of assets that Osmosis recognises as strategically important for growth, increasing the incentives allocated to it. \n\n## Details\nFIL is currently the rank 31 cryptocurrency by marketcap with a valuation of around $1.9 Billion, 5 times higher than Osmosis. The majority of trade volume happens on centralised exchanges, not on Osmosis, there are currently no decentralised exchanges listing FIL. This proposal asks if Osmosis has a strategic interest in attracting more liquidity of FIL and so will enable it to access a greater proportion of liquidity incentives. \n\n## About FIL\nFilecoin is a peer-to-peer network that allows anyone to store and retrieve data on the internet. Built-in economic incentives ensure that files are stored and retrieved reliably and continuously for however long a user specifies. \n\nFilecoin is provided through the Axelar bridge from the Filecoin network. The Filecoin network runs the Filecoin Virtual Machine (FVM), a runtime environment for smart contracts written in Solidity. \n\nWebsite: https://filecoin.io/\n\nCommonwealth Thread: https://commonwealth.im/osmosis/discussion/11304-filecoin-incentives

Votes

Voter
Answer