1025

This proposal would add cbDOGE, bridged via Axelar, as a constituent of Alloyed DOGE

Alloyed DOGE

Alloyed DOGE is the canonical DOGE on Osmosis, following the approval criteria in [Hidden link]. The [Hidden link] currently holds around 1.36M DOGE (~$84k of liquidity), composed entirely of DOGE.int3.

DOGE.int3 is bridged via the Int3face (Bitfröst) bridge, which has signaled a wind-down of operations on other chains. Osmosis therefore currently lacks a reliable long-term DOGE bridge, so a replacement route is required to keep Alloyed DOGE functional. This swapping out of the underlying asset is a feature of Alloys that allows holders and liquidity providers to be migrated to new bridges without taking any action, while retaining ownership of their tokens.

About Axelar

Axelar is a Canonical Bridge Service Provider on Osmosis, providing cross-chain bridging between Osmosis and external chains. It has been in use on Osmosis for an extended period and already backs Axelar variants across several other alloys.

Proposal details

Because this variant is an intended replacement for the Int3face route rather than an additional variant, it is added at a 100% static composition limit. The funds at risk are lower than for previous variant-addition proposals for deeper alloys such as BTC and ETH.

Governance can adjust the static limit in the future if additional DOGE routes are added.

Onchain change

Register cbDOGE.axl (denom: ibc/D6ED8CCF01DE2F86D0D8A9605A8535A66C930697E986616227506EBDE8B8AC91) as a new variant of Alloyed DOGE on the contract (osmo10pk4crey8fpdyqd62rsau0y02e3rk055w5u005ah6ly7k849k5tsf72x40), with no static upper limit.

• Alloy: Alloyed DOGE
• Alloy contract: osmo10pk4crey8fpdyqd62rsau0y02e3rk055w5u005ah6ly7k849k5tsf72x40 (Transmuter v3.2.0)
• New variant denom: ibc/D6ED8CCF01DE2F86D0D8A9605A8535A66C930697E986616227506EBDE8B8AC91
• Normalization factor / exponent: 8

Forum Post: [Hidden link]