Proposal #896

IBC Rate Limiting v2.1 - Upgrade contract

Store And Migrate Contract
passed
Expected result
Passed
Turnout / Quorum
88.74% / 20.00%

Voting period

Voting ended100.0%
Voting start 2025.01.27 at 17:23:29
Voting end 2025.02.01 at 17:23:29

Vote distribution

99.14%
182 379 645 osmo
Yes
0.18%
322 900 osmo
No
0.01%
9 423 osmo
Veto
0.68%
1 248 871 osmo
Abstain

Details

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Proposer
osmo19w2t4ue7qpdh6022...
Total deposit
1 600 osmo
Submit time
2025.01.27 at 17:23:29
Deposit end time
2025.02.10 at 17:23:29

Description

This proposal implements an update to the IBC Rate Limit contract administered by Osmosis governance

IBC 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.

This upgrade to the IBC Rate Limits contract adds additional checks to the existing contract while maintaining all previous functionality and states

Forum Thread: https://forum.osmosis.zone/t/ibc-rate-limiting-v2-1-upgrade-contract/3422

Votes

Voter
Answer