Proposal #862
Passed on 23 Nov 2024 with 99.3% of the votes for yes.
Yes
99.3%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
23 Nov 2024
99.33%
of votes cast
0.65%
of votes cast
0.02%
of votes cast
0.00%
of votes cast
This proposal would expand the static rate limit of ckBTC within Alloyed BTC to 20%.
[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 expanding ckBTC from the initial static rate limit of 10% to 20%, as the 10% limit has been consistently neared recently, indicating demand for a greater proportion of the alloy to be composed of ckBTC. This allows the BTC alloy room to expand from more external sources while maintaining bounds similar to other more diverse alloys, such as the 20% limits placed on recent additions to Alloyed USDT in proposals [Hidden link], [Hidden link] and [Hidden link]
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 Post: [Hidden link]