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Proposal #402

Recognise USDT as a Stablecoin asset

PassedText Proposal

Passed on 23 Jan 2023 with 85.6% of the votes for yes.

Yes

85.6%

98.6% without abstain

Veto

0.0%

of votes cast

Ended

23 Jan 2023

The ballotvotes cast · final tally
Yes

85.62%

of votes cast

Abstain

13.14%

of votes cast

No

1.24%

of votes cast

Veto

0.01%

of votes cast

This proposal would recognise USDT as a Stablecoin asset on Osmosis.

Details

[Hidden link] defined Stablecoins as an asset type to used in the incentive category structure. Assets defined as Stablecoins are currently eligible for:

  • Access to the Osmo/Stable Category for their incentivised pools
  • Access to the Stable/Stable Category for their incentivised pools
  • Automatic matching of External incentives within the Stable/Stable Category as per [Hidden link]

In the [Hidden link], USDT is currently the USD Stablecoin with the greatest share of Stablecoin marketcap at ~48% dominance.

On Osmosis, USDT is [Hidden link] canonically via the [Hidden link], however, this proposal authorises whichever USDT is authorised as the canonical asset on Osmosis as the stable asset.

About USDT

Launched in 2014, Tether was the first stablecoin issued and remains the most prevalent stablecoin in use across the crypto ecosystem.

Website: [Hidden link]

Commonwealth Thread: [Hidden link]

Timeline

  1. Submitted18 Jan 2023
  2. Voting started18 Jan 2023
  3. Voting ended23 Jan 2023
  4. Deposit deadline01 Feb 2023

Proposer

Address
Deposit1.6K

Rules

Not recorded for this proposal.