Change Community pool default revenue token to USDC via Noble

Exec Legacy Content

passed

Expected result

Passed

Turnout / Quorum

81.10% / 20.00%

Voting period

Voting ended100.0%

Voting start 2023.11.10 at 14:38:00

Voting end 2023.11.15 at 14:38:00

Vote distribution

99.04%

166 512 021 osmo

Yes

0.04%

60 778 osmo

0.00%

2 608 osmo

Veto

0.92%

1 548 393 osmo

Abstain

Details

Proposer

Total deposit

1 600 osmo

Submit time

2023.11.10 at 14:38:00

Deposit end time

2023.11.24 at 14:38:00

Description

This proposal would change the token that non-Quote assets are swapped to on Osmosis from USDC.axl to USDC via Noble.

Background

Osmosis currently sends 33% of non-OSMO tokens collected via Taker fees to the community pool.

These are sent directly if they are an existing Quote asset and swapped to a denom set by governance if not.

This denom is currently set to USDC.axl. This proposal asks that it be adjusted to native USDC as the most native version of USDC.

Setting to be changed

Subspace: poolmanager Parameter: CommunityPoolDenomToSwapNonWhitelistedAssetsTo Current Setting: ibc/D189335C6E4A68B513C10AB227BF1C1D38C746766278BA3EEB4FB14124F1D858 New Setting: ibc/498A0751C798A0D9A389AA3691123DADA57DAA4FE165D5C75894505B876BA6E4

Forum Thread: https://forum.osmosis.zone/t/change-community-pool-default-revenue-token-to-usdc-via-noble/482

Votes

Voter

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