Proposal #654

Replace WBTC used as Quote Asset

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
81.22% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.10.11 at 18:35:09
Voting end 2023.10.16 at 18:35:09

Vote distribution

94.73%
159 496 612 osmo
Yes
0.00%
2 347 osmo
No
0.00%
2 559 osmo
Veto
5.27%
8 869 639 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.10.11 at 18:35:09
Deposit end time
2023.10.25 at 18:35:09

Description

This proposal would change the Quote asset used in the creation of Supercharged Liquidity pools from axlWBTC to natively mined WBTC.

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 are USDC, USDT, DAI, (axl)WBTC, ETH, ATOM and OSMO.

This proposal would change the quote assets permission to use the tokenfactory denom for natively minted WBTC rather than the IBC hash of the WBTC bridged via Axelar.

This causes all future pools using the WBTC quote asset to use the native version on Osmosis. Existing pools are unaffected by this change as quote assets are validated only at the point of creation.

Forum Thread: https://forum.osmosis.zone/t/replace-wbtc-used-as-quote-asset/279

Votes

Voter
Answer