Proposal #857

Alloyed USDT: Add USDT.e.matic.axl

Execute Contract×2
passed
Expected result
Passed
Turnout / Quorum
87.50% / 20.00%

Voting period

Voting ended100.0%
Voting start 2024.10.31 at 18:50:58
Voting end 2024.11.05 at 18:50:58

Vote distribution

99.63%
180 727 216 osmo
Yes
0.02%
31 486 osmo
No
0.00%
8 413 osmo
Veto
0.35%
638 635 osmo
Abstain

Details

logo
Proposer
osmo19w2t4ue7qpdh6022...
Total deposit
1 600 osmo
Submit time
2024.10.31 at 18:50:58
Deposit end time
2024.11.14 at 18:50:58

Description

This proposal would add USDT.e.matic.axl to Alloyed USDT with a static limit of 20%.

This proposal corrects an error made in Proposal 854 which resulted in this asset not being added as intended.

Alloyed USDT

Alloyed USDT was recognized as the canonical USDT on Osmosis in Proposal 792.

It currently has around 2 million in supply on Osmosis, and consists of:

  • USDT.axl (Axelar bridge from Ethereum)
  • USDT.kava (IBC from Kava EVM)
  • USDT.wh (Wormhole bridged from Ethereum)
  • USDT.sol.pica (Picasso bridged from Solana)
  • USDT.inj (Injective Bridge from Ethereum)
  • USDT.rt (Router Bridge)
  • USDT.e.op.axl (Axelar bridge from Optimism via Optimism Bridge from Ethereum)
  • USDT.e.arb.axl (Axelar bridge from Arbitrum via Arbitrum bridge from Ethereu)

This proposal would add USDT.e.matic.axl, directly connecting to USDT liquidity on Polygon utilizing the Axelar bridge which has previously been used to connect to Ethereum as an Osmosis Canonical Bridge.

Connecting directly to this liquidity represents around 0.6% of Circulating USDT

Source: DefiLlama

For a full description of Alloyed Assets, see the Blog Post

Forum Post: https://forum.osmosis.zone/t/add-several-variants-to-alloyed-usdt/3057

Votes

Voter
Answer