Proposal #359
Passed on 14 Nov 2022 with 96.7% of the votes for yes.
Yes
96.7%
98.8% without abstain
Veto
0.0%
of votes cast
Ended
14 Nov 2022
96.73%
of votes cast
2.09%
of votes cast
1.18%
of votes cast
0.00%
of votes cast
By voting YES on this proposal, OSMO stakers voice their support for adding WBNB to the list of assets that receive incentives as a Major token.
By voting NO on this proposal, OSMO stakers voice their dissent to adding WBNB to the list of assets that receive incentives as a Major token.
Details BNB is currently the rank 4 cryptocurrency by marketcap with a valuation of around 8 Billion, 80 times higher than Osmosis. WBNB is the wrapped version of this able to be used in Binance Smart Chain DeFi. The majority of trade volume happens on centralised exchanges and not on Osmosis. This proposal asks if Osmosis has a strategic interest in attracting more liquidity of WBNB and so will enable it to access a greater proportion of liquidity incentives.
About WBNB WBNB is the wrapped version of BNB and is the most liquid, volatile asset across Binance Smart Chain DeFi. WBNB currently arrives on Osmosis via the Axelar bridge. BNB is used to pay for goods and services on Binance, settle transaction fees on Binance Smart Chain, participate in exclusive token sales and more. Website: [Hidden link]
Commonwealth Thread: [Hidden link]