Proposal #735
Passed on 25 Feb 2024 with 87.0% of the votes for yes.
Yes
87.0%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
25 Feb 2024
87.04%
of votes cast
12.92%
of votes cast
0.03%
of votes cast
0.01%
of votes cast
This proposal would enable Superfluid Staking for OSMO pairings of WBTC.
These pools are:
Adding these pools to Superfluid Staking allows users in a Classic pool or who have a passive position in a Supercharged pool to stake the OSMO portion of their liquidity.
At the current 25% discount rate, 75% of the OSMO in a position is able to be staked.
This proposal asks whether governance trusts in the stability and security of WBTC natively issued on Osmosis sufficiently to allow it to have an influence on Osmosis governance.
WBTC brings Bitcoin liquidity to Defi by providing a token usable in smart contracts, backed 1:1 with Bitcoin verifiably held by a community of Custodians.
As an ERC-20 token on Ethereum, WBTC has allowed Bitcoin liquidity to be used across DeFi use cases rather than being restricted to trading on Centralised Exchanges.
WBTC is now available as a native token on Osmosis with the same issuance and redemption process.
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