Proposal #575

Enable the Creation of USDT Supercharged Pools

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
68.22% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.07.31 at 18:25:00
Voting end 2023.08.05 at 18:25:00

Vote distribution

94.60%
133 785 056 osmo
Yes
0.02%
23 054 osmo
No
0.00%
608 osmo
Veto
5.38%
7 615 666 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.07.31 at 18:24:02
Deposit end time
2023.08.14 at 18:24:02

Description

This proposal would enable the creation of Supercharged Liquidity pools using USDT as a quote asset.

Background

Quote assets restrict the combinations of pairings possible in Supercharged Liquidity pools to improve routing. as mentioned in Proposal 532.

Quote assets in use at launch are OSMO, ATOM, USDC, and DAI. This proposal would add IBC native USDT, via Kava, as another quote asset for Supercharged pools, allowing Supercharged pools to be created paired with USDT.

About USDT

Launched in 2014, Tether was the first stablecoin issued and remains the most prevalent stablecoin in use across the crypto ecosystem.

USDT is now available natively on IBC chains via Tether’s contract deployment on Kava.

Forum Thread: https://community.osmosis.zone/t/enable-the-creation-of-usdt-supercharged-pools/86

Votes

Voter
Answer















Proposal #575: Enable the Creation of USDT Supercharged Pools - Osmosis (OSMO) Mainnet Explorer