Proposal #580
Passed on 10 Aug 2023 with 97.5% of the votes for yes.
Yes
97.5%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
10 Aug 2023
97.52%
of votes cast
2.48%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
This proposal would enable the creation of Supercharged Liquidity pools using WBTC or ETH as quote assets.
Quote assets restrict the combinations of pairings possible in Supercharged Liquidity pools to improve routing as mentioned in [Hidden link].
Quote assets in use are USDC, USDT, DAI, ATOM, and OSMO.
This proposal would add WBTC and ETH as quote assets for supercharged pools.
The reasoning for WBTC is that the OSMO pool containing this would be priced in WBTC rather than the paired asset. I.E., 1 OSMO is worth 0.000016 WBTC rather than 1 WBTC is worth 62,500 OSMO reads more naturally as WBTC has greater value recognition.
The reasoning for ETH is also this, but adding it as a Quote asset also enables the creation of Liquid Staked ETH Supercharged Pools, allowing a relatively small amount of bridged liquidity to enable the use of these pools within the Osmosis ecosystem and for Liquid Staked ETH to begin entering the Cosmos.
Forum Thread:[Hidden link]