Proposal #852

Rate Limit adjustment: Remove CUDOS limits

Execute Contract
passed
Expected result
Passed
Turnout / Quorum
96.12% / 20.00%

Voting period

Voting ended100.0%
Voting start 2024.10.14 at 17:29:54
Voting end 2024.10.19 at 17:29:54

Vote distribution

99.23%
197 739 171 osmo
Yes
0.01%
25 375 osmo
No
0.00%
5 461 osmo
Veto
0.76%
1 505 176 osmo
Abstain

Details

logo
Proposer
osmo19w2t4ue7qpdh6022...
Total deposit
1 600 osmo
Submit time
2024.10.14 at 17:29:54
Deposit end time
2024.10.28 at 16:29:54

Description

This proposal removes rate limits for CUDOS due to the upcoming migration event to ASI reducing assets held on Osmosis.

Background

Rate Limits

The IBC Rate Limit module is a safety control implemented in v13, intended to protect assets on Osmosis in the event of security issues with:

  • Osmosis
  • A counter-party chain
  • IBC

Rate limits allow only a specified net percentage change in the quantity of an asset on Osmosis within a specified period.

Slowing down the rate of security incidents allows validators more time to respond, investigate, and take any required action. It either caps the rate at which exploited tokens generated elsewhere can be sent to Osmosis for disposal or prevents unusually high amounts of tokens on Osmosis from being removed.

Current IBC Rate limits can be monitored on the Range Dashboard .

ASI migration

As previously referenced in Proposal 810, several AI projects are merging to become the Artificial Superintelligence Alliance.

CUDOS' inclusion in this was passed in CUDOS Proposal 21

As specified in this proposal, CUDOS is expected to halt at the end of October, and the majority of liquidity has already been withdrawn from Osmosis as it delists from exchanges.

Forum Thread: https://forum.osmosis.zone/t/rate-limit-adjustment-remove-cudos-limits/3218

Votes

Voter
Answer