Proposal #509

Upload Wormhole core contract

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
57.01% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.05.11 at 14:58:57
Voting end 2023.05.16 at 14:58:57

Vote distribution

91.83%
108 540 918 osmo
Yes
0.01%
9 229 osmo
No
0.00%
140 osmo
Veto
8.16%
9 646 720 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.05.11 at 14:52:34
Deposit end time
2023.05.25 at 14:52:34

Description

Passing this proposal will upload the Wormhole core contract to the Osmosis chain. \n\n## Details\nPyth Network is an oracle that publishes financial market data to multiple blockchains. The data is sourced from over 80 first-party data providers, including some of the largest exchanges and market making firms worldwide. Pyth provides real-time price feeds — updating once per second — for 200+ assets including crypto, equities, FX and more. \n\nThe Pyth contract allows applications on Osmosis to consume Pyth prices. Pyth is using a pull update mechanism where the network generates a stream of signed price updates, and anyone can pull those updates on-chain when they need them. The Pyth contract facilitates this process: it verifies price updates (for a minimal fee) and allows other programs to read the current price. \n\nThe contract is controlled by Pyth governance via Wormhole. The contract will be its own owner, but can accept Wormhole messages from Pyth governance to set configuration parameters. Pyth is currently governed by a multisig of members of the Pyth Data Association. \n\nPyth uses Wormhole to verify incoming governance or price feed update messages. It needs a wormhole contract to be deployed on chain. Since Wormhole is not on Osmosis currently, we will also be deploying the core wormhole contract that will be used for read-only purposes. The contract will be its own owner, but can accept messages from Wormhole governance to set configuration parameters. \n\n ## Contract information (Wormhole): \n\nThe release for the contract is available at - https://github.com/wormhole-foundation/wormhole/releases/tag/v2.14.9 \nThe git commit Id - https://github.com/wormhole-foundation/wormhole/commit/ae7de3d575a0cee7ceaf69080952fa148dc0a346 \nThe code can be found at - https://github.com/wormhole-foundation/wormhole/tree/ae7de3d575a0cee7ceaf69080952fa148dc0a346/cosmwasm/contracts/wormhole \nCompiler Version - cosmwasm/workspace-optimizer:0.12.11 \nChecksum - ca4dead04cffc986bb05b9fa792327ac4ea2609ec928ef44dd7f48d3e16995f5 wormhole-2.14.9.wasm \n\nCommonwealth Thread: https://commonwealth.im/osmosis/discussion/11242-proposal-upload-pyth-network-contract

Votes

Voter
Answer