MoonRunners
LogoLogo

124

  1. /
  2. Nolus
  3. /
  4. Mainnet
  5. /
  6. Governance
  7. /
  8. 124
  • Docs
  • Support
2026 © Made with 💜 by MoonRunnersAPI OK
DocsSupportDonate

Proposal #124

Update Oracle Swap Tree (Osmosis Noble USDC)

PassedSudo Contract

Passed on 13 Jun 2024 with 100.0% of the votes for yes.

Yes

100.0%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

13 Jun 2024

The ballotvotes cast · final tally
Yes

100.00%

of votes cast

Abstain

0.00%

of votes cast

No

0.00%

of votes cast

Veto

0.00%

of votes cast

Proposal Summary

This proposal seeks to optimize the Oracle swap tree for the Osmosis Noble USDC protocol by updating the swap paths to utilize pools with higher liquidity and more favorable fees. This adjustment is aimed at enhancing the efficiency and cost-effectiveness of transactions facilitated by the Nolus Protocol on the Osmosis DEX for the Noble USDC protocol. Below is a detailed breakdown of the proposed changes to the swap paths, highlighting the depth of the liquidity of the new pools:

  • Switch from OSMO/USDC: The proposal suggests transitioning from the current OSMO/USDC pool (#1263), which has a liquidity of $660,000, to a longer but more liquid path: USDC/ATOM -> ATOM/OSMO. The USDC/ATOM pool (#1251) boasts $2.3 million in liquidity, while the ATOM/OSMO pool (#1135) has $5.2 million in liquidity. This new path offers greater efficiency for larger trades and enhanced security for the Nolus Protocol, despite incurring a slightly higher Osmosis-related swap fee of 0.2% due to the extended route.

By voting "YES" on this proposal, you express your support for these strategic adjustments to the Oracle swap tree, thereby allowing the Nolus Protocol to leverage the specified paths for facilitating transactions relevant to the Noble USDC protocol on Osmosis.

Timeline

  1. Submitted10 Jun 2024
  2. Voting started10 Jun 2024
  3. Voting ended13 Jun 2024
  4. Deposit deadline20 Jun 2024

Proposer

Address
nolus17r…e3u8xv
Deposit5.0K

Rules

Not recorded for this proposal.