Proposal #831
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
94.79%
of votes cast
5.20%
of votes cast
0.01%
of votes cast
0.00%
of votes cast
This proposal would add USDT.eth.inj as a constituent of Alloyed USDT with a static limit of 20%.
[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.eth.inj as a constituent of Alloyed USDT with a static limit of 20%.
There is approximately 24M of USDT in use on Injective, bridged from Ethereum via the [Hidden link]. As the main stablecoin in use with Injective applications this connection will faciliate the flow of liquidity between Injective and Osmosis.
For a full description of Alloyed Assets, see the [Hidden link]
Injective is a lightning-fast, interoperable, layer one blockchain optimized for building premier Web3 financial applications. Injective provides developers with robust plug-and-play modules such as a fully decentralized orderbook, binary options, real-world asset (RWA) module, and more, allowing developers to build a diverse array of sophisticated applications.
The Peggy module enables the Injective Chain to support a trustless, on-chain bidirectional ERC-20 token bridge to Ethereum. In this system, holders of ERC-20 tokens on Ethereum can convert their ERC-20 tokens to Cosmos-native coins on the Injective Chain and vice-versa.
This decentralized bridge is secured and operated by the validators of the Injective Chain.
Forum Post: [Hidden link]