Proposal #867
Passed on 28 Nov 2024 with 97.3% of the votes for yes.
Yes
97.3%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
28 Nov 2024
97.30%
of votes cast
2.69%
of votes cast
0.02%
of votes cast
0.00%
of votes cast
This proposal would expand the static rate limit of nBTC within Alloyed BTC to 10%.
This proposal requests expanding nBTC from the initial static rate limit of 5% to 10% as the nBTC audit has now been published [Hidden link].
This allows the BTC alloy room to expand from more external sources as well as supporting adoption of the Nomic bridge now that the [Hidden link] is proposed to be activated in [Hidden link].
For a full description of Alloyed Assets, see the [Hidden link]
[Hidden link] was recognized as the canonical Bitcoin on Osmosis in [Hidden link].
It currently has around [Hidden link], and consists of:
Nomic offers a decentralized, non-custodial Bitcoin bridge to IBC-enabled chains like Osmosis. nBTC, the Bitcoin-backed asset provided by Nomic, is live on Osmosis today, along with Interchain Deposits. This feature allows Osmosis users to deposit BTC directly within the Osmosis app to receive nBTC.
Forum Post: [Hidden link]