Proposal #442
Passed on 27 Feb 2023 with 64.0% of the votes for yes.
Yes
64.0%
99.1% without abstain
Veto
0.0%
of votes cast
Ended
27 Feb 2023
63.97%
of votes cast
35.46%
of votes cast
0.57%
of votes cast
0.01%
of votes cast
This proposal would recognise CMST as a stablecoin asset on Osmosis. Details Proposal #233 defined Stablecoins as an asset type to be 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 Proposal #377 In the Cosmos ecosystem, CMST is currently the only overcollateralized stablecoin backed by decentralised assets like OSMO, ATOM, and stATOM as well as stablecoins like axlUSDC and axlDAI. CMST is currently part of the DAI/CMST/IST Pool (#908), which is the most liquid stablepool on Osmosis. CMST currently has a circulating supply of ~.3M. About CMST:CMST aims to be the liquidity unifying stabletoken in the broader interchain ecosystem. Harbor protocol is a stablecoin protocol on the Comdex chain for minting CMST, which is an overcollateralized stablecoin, soft-pegged to the US Dollar. CMST, (at the time of writing this proposal) is the only open-source decentralised stabletoken in the Cosmos ecosystem that can be minted using OSMO, ATOM and stATOM as collateral. Being fully governed by HARBOR holders, and backed by a large range of decentralised assets like ATOM and OSMO, CMST is positioned to be the prime stabletoken for the interchain DeFi ecosystem. Website: [Hidden link]. - By voting Yes, you agree to amend the upgrades proposed.