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Proposal #223

Expanded Gas Fee Options: USDC, ATOM, OSMO, NTRN

PassedUpdate Params

Passed on 07 Dec 2024 with 100.0% of the votes for yes.

Yes

100.0%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

07 Dec 2024

The ballotvotes cast · final tally
Yes

99.98%

of votes cast

Abstain

0.02%

of votes cast

No

0.00%

of votes cast

Veto

0.00%

of votes cast

Summary

Currently, users on the Nolus blockchain network are required to pay gas fees using the network's native asset, NLS. While this ensures utility for the native token, it imposes an additional step for new users who must acquire NLS solely for the purpose of paying gas fees. For example, a user wishing to open a lease position with USDC as their down payment must first acquire NLS to cover the transaction fees, creating unnecessary friction.

To address this issue, this proposal suggests adding support for USDC Noble (from both Osmosis and Neutron), ATOM, OSMO, and NTRN as alternative assets for paying gas fees. This will be implemented using the base-layer protocol's integrated fee abstraction mechanism, allowing users to transact more efficiently without needing to hold NLS specifically for gas payments.

This proposal represents a step forward in improving usability and accessibility on the Nolus network while maintaining the role of NLS as a core asset. By voting "YES" you agree to supporting the above-mentioned additional assets as alternative options for gas fee payments.

Timeline

  1. Submitted04 Dec 2024
  2. Voting started04 Dec 2024
  3. Voting ended07 Dec 2024
  4. Deposit deadline14 Dec 2024

Proposer

Address
nolus17r…e3u8xv
Deposit10.0K

Rules

Not recorded for this proposal.