Proposal #830
Passed on 26 Aug 2024 with 94.8% of the votes for yes.
Yes
94.8%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
26 Aug 2024
94.78%
of votes cast
5.21%
of votes cast
0.01%
of votes cast
0.00%
of votes cast
This proposal would add USDT.rt as a constituent of Alloyed USDT with an introductory static limit of 5%.
[Hidden link] was recognized as the canonical USDT on Osmosis in [Hidden link].
It currently has around [Hidden link], and consists of:
This proposal requests the addition of USDT.rt to the existing USDT Alloy, enabling USDT to be deposited via [Hidden link]. This connects Osmosis to [Hidden link] that are served by Router Protocol.
Connecting directly to this liquidity represents access to 50% of circulating USDT with previously unconnected bridges. Source: [Hidden link]
Router Protocol has had [Hidden link], however, as a relatively new bridge, this proposal adds a static rate limit of 5% to minimize risk to Alloyed USDT.
For a full description of Alloyed Assets, see the [Hidden link]
Router Protocol is an extensible multi-directional bridge connecting existing and emerging layer 1 and layer 2 blockchains to allow contract-level data flow across them.
Router Protocol is secured by Router Chain, a Proof of Stake blockchain leveraging Tendermint's BFT consensus engine. Validators running on the Router Chain can also monitor state changes on other chains. Applications on the Router Chain can write custom logic to trigger events in response to these external state changes. Additionally, applications on the Router Chain can leverage a trustless network of relayers to update states on external chains. Simply put, the Router architecture allows contracts on one chain to interact with contracts on other chains in a secure and decentralized manner.
Forum Post:[Hidden link]