Proposal #229
Passed on 21 May 2022 with 84.9% of the votes for yes.
Yes
84.9%
99.8% without abstain
Veto
0.0%
of votes cast
Ended
21 May 2022
84.88%
of votes cast
14.94%
of votes cast
0.17%
of votes cast
0.01%
of votes cast
By voting YES on this proposal, OSMO stakers voice their support in adding OSMO incentives to OSMO/WBTC (#712)
By voting NO on this proposal, OSMO stakers voice their dissent in adding OSMO incentives to OSMO/WBTC (#712)
Details This is an incentive change proposal to include OSMO/WBTC (#712) into the set of assets that receive OSMO liquidity incentives and allocate 5% of incentives to the pool after next epoch.
After this proposal has passed governance, this pool will be added to the regular incentive program of OSMO and will begin the onboarding process with the minimum incentives level of 5% to encourage onboarding of WBTC liquidity.
This proposal also notes that this WBTC is a wrapped version of Bitcoin on the Ethereum chain, provided by the Canonical Ethereum bridge provider - Axelar. A canonical Bitcoin bridge is yet to be determined. When a Canonical Bitcoin bridge is determined by governance, incentives may be reallocated gradually to transfer Osmosis liquidity of WBTC to that of the Bitcoin provided by this bridge.
About Wrapped Bitcoin (WBTC) Wrapped Bitcoin is an ERC20 asset that is minted by a Bitcoin being provided to a trusted merchant as collateral, allowing Bitcoin liquidity to be utilised on the Ethereum network Website: [Hidden link]
Commonwealth Thread: [Hidden link]