Proposal #553

Launching ERIS Protocol on Osmosis

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
69.05% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.07.04 at 13:14:21
Voting end 2023.07.09 at 13:14:21

Vote distribution

73.43%
105 124 608 osmo
Yes
0.21%
295 801 osmo
No
0.00%
1 106 osmo
Veto
26.36%
37 735 437 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.07.04 at 13:14:21
Deposit end time
2023.07.18 at 13:14:21

Description

ERIS wants to launch an Osmosis-native liquid staking protocol where users have the power over the liquid staked OSMO delegations and governance participation. Further we want to provide the Osmosis ecosystem with products around a stable liquid staking economy.

In this proposal we are asking to instantiate ERIS products on Osmosis. These will consist of our tokenfactory based amplifier hub (1), our amp governance (2: voting escrow, amp gauge) and in the future amp z for DeFi automations and Arb Vault to stabilize liquid staking tokens. We also require helper contracts for fee conversion. All contracts to be launched are open-source or source-available and audited by external parties.

We are asking for having a deployer address whitelisted and will be using a builder multi-sig to manage the contracts after mainnet tests have succeeded.

While this proposal gives authority for osmo1dpaaxgw4859qhew094s87l0he8tfea3lv30jfc to permissionlessly upload CosmWasm contracts to Osmosis, governance only signals approval for contracts relating to the function of ERIS Protocol.

Details can be seen in the Commonwealth thread: https://gov.osmosis.zone/discussion/11248-launching-eris-protocol-on-osmosis

Votes

Voter
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Proposal #553: Launching ERIS Protocol on Osmosis - Osmosis (OSMO) Mainnet Explorer