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Proposal #47

Switch to Supercharged pools for stATOM

PassedSudo Contract Proposal

Passed on 11 Nov 2023 with 100.0% of the votes for yes.

Yes

100.0%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

11 Nov 2023

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

Switch to Supercharged pools for stATOM

Summary

One of the features which proposal 44 introduced was the replacement of the GAMM module with the new PoolManager module in the Interchain Account messages with regard to opening, repaying or liquidating lease positions. This primarily allowed the Nolus Protocol to take advantage of the new Supercharged pools on Osmosis which are based on the concentrated liquidity model pioneered by Uniswap v3. This provides for more efficient trading to happen as liquidity is not spread across the whole price curve but rather in smaller distinct ranges.

This proposal aims to migrate the ID of the stATOM/ATOM pool to its new concentrated liquidity counterpart. Below the current breakdown in terms of liquidity of the old vs the new pool as well as a price impact improvement given a large swap:

  • Standard Pool #803 ATOM/stATOM (14M USD) -> Supercharged Pool #1136 stATOM/ATOM (2.8M USD) results in ~300% better price impact for a 70k USD worth of swap with the efficiency getting better the larger the size

By voting YES on this proposal, you agree to make these adjustments to the Oracle swap tree and allow the protocol to utilize the paths above to facilitate the lease-relevant transactions.

Timeline

  1. Submitted08 Nov 2023
  2. Voting started08 Nov 2023
  3. Voting ended11 Nov 2023
  4. Deposit deadline18 Nov 2023

Proposer

Address
Deposit2.5K

Rules

Not recorded for this proposal.