Proposal #849
Passed on 04 Oct 2024 with 97.0% of the votes for yes.
Yes
97.0%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
04 Oct 2024
96.95%
of votes cast
3.04%
of votes cast
0.01%
of votes cast
0.00%
of votes cast
This proposal would add ckBTC as a constituent of Alloyed BTC with an initial static limit of 10%.
[Hidden link] was recognized as the canonical Bitcoin on Osmosis in [Hidden link].
It currently has around [Hidden link], and consists of:
This proposal requests the addition of ckBTC to the existing Bitcoin Alloy, enabling BTC to be deposited via [Hidden link].
This proposal adds an initial static rate limit of 10% to bound risk to Alloyed BTC for the established ckBTC issuance.
For a full description of Alloyed Assets, see the [Hidden link]
[Hidden link] is a trustless omnichain hub that can connect any Layer 1(L1), Layer 2 (L2), or Layer 3 (L3) blockchain. Leveraging the Internet Computer’s Chain Fusion and Omnity’s modified [Hidden link], Omnity provides a secure, trustless, and highly scalable multi-chain hub with a 100% on-chain tech stack, enabling continuous interactions across diverse blockchain ecosystems.
The [Hidden link] is a groundbreaking blockchain platform supporting secure, scalable, decentralized applications. ICP offers a scalable, secure and cross-chain solution. Its [Hidden link] integrates Bitcoin directly into the network via ckBTC, allowing ICP smart contracts to read and write directly to the Bitcoin network. Chain Fusion enables secure, trustless asset transfers and an exceptional user experience.
Forum Thread: [Hidden link]