Proposal #758

Upload Persistence LiquidStakeRate Contract

Store Code
passed
Expected result
Passed
Turnout / Quorum
96.43% / 20.00%

Voting period

Voting ended100.0%
Voting start 2024.03.20 at 10:56:56
Voting end 2024.03.25 at 10:56:56

Vote distribution

88.22%
176 362 894 osmo
Yes
0.02%
34 820 osmo
No
0.00%
6 877 osmo
Veto
11.76%
23 509 426 osmo
Abstain

Details

logo
Proposer
osmo19nwej5utsnumrnjq...
Total deposit
1 600 osmo
Submit time
2024.03.20 at 10:56:56
Deposit end time
2024.04.03 at 11:56:56

Description

Passing this proposal will upload the Persistence LiquidStakeRate Contract to the Osmosis chain \n\n ## Summary \n\n This proposal aims to upload the Persistence LiquidStakeRate Contract on the Osmosis chain to ensure trustless handling of scaling factors for stkToken Stableswap pools and enhance the reliability of stkToken price oracles when integrated with platforms like Levana or Mars protocol within the Osmosis ecosystem. \n\n ## Details \n\n Persistence's liquid staking mechanism operates through stkTokens, representing staked tokens managed by the Persistence Core-1 chain. Users can redeem their stkTokens for a corresponding amount of the underlying token at any given time based on the stkATOM redemption rate. This redemption rate, often referred to as the c-value, liquid-stake-rate or exchange rate, signifies the ratio at which a single stkToken can be exchanged for its underlying token. For instance, on the Persistence chain, 1 stkATOM may be redeemed for 1.24 ATOMs, indicating a redemption rate of 1.24 for stkATOM. \n\nThe LiquidStakeRate Contract leverages the Persistence LiquidStakeRate Module and ICA to relay redemption rates for Persistence's stkTokens onto the Osmosis chain, ensuring decentralized dissemination of this critical information. \n\nForum discussion: https://forum.osmosis.zone/t/upload-persistence-liquidstakerate-contract-and-osmosis-pool-ratesync-contract-for-redemption-rates/2544\n\n\nContract information for LiquidStakeRate Contract\n\nCode repository: Github - https://github.com/persistenceOne/ratesync-contracts\n\nCommit hash: 93a9ca2529542654e8f2799a347083499095151f\n\nCompiler version: cosmwasm/optimizer:0.15.0\n\nChecksum: 33d4183a9bc09e59274e83b9c9f3e8c2b58c0fdcda7e0974e375721597d6f337 \n\n

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Proposal #758: Upload Persistence LiquidStakeRate Contract - Osmosis (OSMO) Mainnet Explorer