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This proposal gives the address osmo1wl59k23zngj34l7d42y9yltask7rjlnxgccawc7ltrknp6n52fps94qsjd the ability to upload CosmWasm contracts to Osmosis without seeking further governance approval for each upload. This address is a multisig administered by Apollo DAO.

The CosmWasm contracts that Apollo DAO would be uploading for our LP Vaults would be our:

• LP Vault Contract (compounding vaults for Osmosis)
• Zapper Contract (enabling users to enter and exit vaults directly with just Osmo)
• Liquidity Helper Contract (deals with providing liquidity, withdrawing liquidity and swapping)
• CW DEX Router (finds the most efficient routes to swap assets when entering and exiting vaults)

Apollo’s LP Vaults have been audited by Oak Security, [Hidden link].

Governance approval for contract upload was originally intended to keep the set of DApps running on Osmosis consistent with its objective of being a DeFi hub for the Interchain.

While this proposal gives authority for osmo1wl59k23zngj34l7d42y9yltask7rjlnxgccawc7ltrknp6n52fps94qsjd to permissionlessly upload CosmWasm contracts to Osmosis, governance only signals approval for contracts relating to the function of Apollo DAO’s LP Vaults.

About Apollo DAO

Apollo DAO is a collective of CosmWasm developers and DeFi natives that focuses on building DAO tooling and asset management for the Cosmos ecosystem. Apollo’s primary focus in the short term is to create and enable additional advanced yield strategies for Cosmos, while improving the user experience through automation.

Website: [Hidden link]

Commonwealth Thread:[Hidden link]