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Proposal #442

Signaling Proposal - Recognise CMST as a Stablecoin asset

PassedText Proposal

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

The ballotvotes cast · final tally
Yes

63.97%

of votes cast

Abstain

35.46%

of votes cast

No

0.57%

of votes cast

Veto

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.

  • By voting No, you do not agree to amend the upgrades proposed.
  • Vote ABSTAIN if you don't have a strong opinion about the proposal.
  • Vote NO WITH VETO if you think this proposal is harming the network and the depositor should be slashed for submitting it.

Timeline

  1. Submitted22 Feb 2023
  2. Voting started22 Feb 2023
  3. Voting ended27 Feb 2023
  4. Deposit deadline08 Mar 2023

Proposer

Address
Deposit1.6K

Rules

Not recorded for this proposal.