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Proposal #111

Enable IBC transfers between Lum Network and Osmosis

RejectedClient Update Proposal

Rejected on 28 Dec 2021: only 16.7% of the decisive votes said yes.

Yes

11.8%

16.7% without abstain

Veto

0.4%

of votes cast

Ended

28 Dec 2021

The ballotvotes cast · final tally
Yes

11.78%

of votes cast

Abstain

29.41%

of votes cast

No

58.45%

of votes cast

Veto

0.36%

of votes cast

This proposal will enable the unfreezing process of the IBC channel between Osmosis and Lum Network, thus allowing deposits and withdrawals of $LUM on the Osmosis platform:

  • By voting YES, OSMO stakers voice their support in unfreezing the IBC channel between Osmosis and Lum Network
  • By voting NO, OSMO stakers voice their dissent in unfreezing the IBC channel between Osmosis and Lum Network

This proposal has no effect beside enabling back the IBC connection between the two chains.

Details:

The IBC connection between Osmosis and the Lum Network was shutdown during the $LUM Liquidity Bootstrapping Phase in order to have a proper price discovery without external interferences.

Shutting down the IBC connection froze the currently use channel (3-115). Meaning that no IBC transfer can be made using this channel unless this governance proposal is voted YES by OSMO stakers.

Timeline

  1. Submitted25 Dec 2021
  2. Voting started25 Dec 2021
  3. Voting ended28 Dec 2021
  4. Deposit deadline08 Jan 2022

Proposer

Address
Deposit500

Rules

Not recorded for this proposal.