Proposal #815

Alloyed BTC: Initial Static Rate Limits

Execute Contract×2
passed
Expected result
Passed
Turnout / Quorum
91.75% / 20.00%

Voting period

Voting ended100.0%
Voting start 2024.07.29 at 16:01:12
Voting end 2024.08.03 at 16:01:12

Vote distribution

94.27%
179 302 444 osmo
Yes
0.02%
29 125 osmo
No
0.00%
2 887 osmo
Veto
5.71%
10 869 069 osmo
Abstain

Details

logo
Proposer
osmo19w2t4ue7qpdh6022...
Total deposit
1 600 osmo
Submit time
2024.07.29 at 16:01:12
Deposit end time
2024.08.12 at 16:01:12

Description

This proposal is concurrent with a proposal to make Alloyed BTC the canonical version of BTC on Osmosis. It sets the initial Static Rate Limits for the assets within allBTC.

Alloyed Assets have built-in rate limitation settings, which can prevent the ratio of tokens from changing excessively in a set period. These rate limits minimize any issue with one constituent from draining the liquidity of the paired assets in the alloy.

Static Rate Limits Determines the maximum percentage of the pool allowed to be a specific asset, preventing extreme imbalance from occurring and minimizing the exposure of the Alloyed Asset to a particular constituent. \n\nThis proposal sets the static rate limits for allBTC to:

  • WBTC - 100%
  • WBTC.eth.axl - 50%
  • nBTC - 5%

Forum Thread: https://forum.osmosis.zone/t/alloyed-asset-btc/3001

Votes

Voter
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Proposal #815: Alloyed BTC: Initial Static Rate Limits - Osmosis (OSMO) Mainnet Explorer