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This proposal requests expanding USDT.sol.pica from the current static rate limit of 20% to 40%, as it has been consistently near the cap recently, indicating a market desire to move into Osmosis via this route.

Increasing the static limit according to demand allows the USDT alloy room to expand controllably into the most popular variants while minimizing any potential impact of a security issue with the less popular variants.

For a full description of Alloyed Assets, see the [Hidden link]

Alloyed USDT

[Hidden link] was recognized as the canonical USDT on Osmosis in [Hidden link].

It currently has around [Hidden link], and consists of:

• USDT.axl (Axelar bridge from Ethereum) (75% Cap)
• USDT.kava (IBC from Kava EVM) (75% Cap)
• USDT.wh (Wormhole bridged from Ethereum) (20% Cap)
• USDT.pica (Picasso bridged from Solana) (20% Cap)
• USDT.inj (Injective Bridge from Ethereum) (20% Cap)
• USDT.rt (Router Bridge) (20% Cap)
• USDT.e.op.axl (Axelar bridge from Ethereum, via Optimism bridge) (20% Cap)
• USDT.e.arb.axl (Axelar bridge from Ethereum, via Arbitrum bridge) (20% Cap)
• USDT.e.matic.axl (Axelar bridge from Ethereum, via Polygon bridge) (20% Cap)

About Wormhole

Wormhole was recognized as a canonical bridge for Osmosis in [Hidden link] and caters for around [Hidden link].

Forum Thread: [Hidden link]