Proposal #454
Passed on 11 Mar 2023 with 82.4% of the votes for yes.
Yes
82.4%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
11 Mar 2023
82.41%
of votes cast
17.57%
of votes cast
0.02%
of votes cast
0.00%
of votes cast
Passing this proposal will upload the Crosschain Swaps contract to the Osmosis chain.
The Crosschain Swaps contract enables trades on Osmosis to be carried out remotely from another chain connected to Osmosis by IBC.
The contract receives a token transfer from chain A, interacts with the Swap Router contract to exchange the received token for a different token and then forwards it to a destination address specified in the original transaction.
On receipt of tokens from Chain A, the contract parses a memo field, enabled by IBC v3.4.0 in [Hidden link]. This contains information set by the sender identifying the instance of the Crosschain Swaps contract to interact with and the intention.
This Crosschain Swaps instance is linked to an instance of the SwapRouter contract uploaded in [Hidden link] and carries out the exchange using liquidity on Osmosis.
The resultant tokens are then forwarded to the address originally specified in the memo, be that a return to the address on Chain A or forwarding to an address on Chain C.
Full Documentation: [Hidden link]
[Hidden link]
cosmwasm/workspace-optimizer:0.12.10
7bb5ccefe1ce4d90e9951899e0b841808b445ec3ae118991bf80b9abcdae4a26
Commonwealth Thread: [Hidden link]