Proposal #249
Passed on 05 Jun 2022 with 87.5% of the votes for yes.
Yes
87.5%
99.9% without abstain
Veto
0.0%
of votes cast
Ended
05 Jun 2022
87.48%
of votes cast
12.43%
of votes cast
0.08%
of votes cast
0.01%
of votes cast
Voting YES for this proposal indicates that Axelar via Moonbeam will be considered the Canonical Bridge into the Polkadot Ecosystem for Osmosis
Voting NO for this proposal indicates that Axelar via Moonbeam will not be considered the Canonical Bridge into the Polkadot Ecosystem for Osmosis
Proposal 206 declared Axelar to be the Canonical Ethereum bridge for Osmosis. This has connected Osmosis to multiple Ethereum Virtual Machine (EVM) chains including Moonbeam, an EVM parachain in the Polkadot ecosystem. The expectations for bridge provision (approved in Proposal 205) established a strong preference for the winner of the bridge-off to also provide service to other ecosystems: 'At the discretion of the Osmosis developers (subject to the advice and consent of the DAO) Osmosis will use the selected BSP for bridges beyond Ethereum (EVM or otherwise), unless another or better bridge is already available that the service provider cannot match (within whatever timeframe the Osmosis developers or DAO finds reasonable).' axlDOT will soon be available via the Axelar bridge from Moonbeam. This proposal asks that axlDOT is considered to be the canonical DOT on Osmosis until a more IBC Native version of DOT is available, at which point a transition process will be proposed. Other assets native to the Polkadot ecosystem arriving via this route would also be treated in the same manner.
Canonical status sets the following agreement: Default Asset List – assets will be unprefixed in the app.osmosis.zone default asset list, e.g. DOT with all other bridges’ assets being bridge1DOT, bridge2DOT, etc. Osmosis DAO requests that allied/friendly front-ends do the same, though any front-end is free to make its own decisions. Osmosis Incentives – the DAO commits to prioritizing the Canonical Bridge assets, incentivizing them earlier and more heavily than the comparable assets of non-canonical bridges. In general, canonical pools should earn substantially more incentives per dollar of liquidity than their counterpart pools–under the base incentives model, not necessarily counting external incentive matching.
Commonwealth Thread: [Hidden link]