Proposal #896
Passed on 01 Feb 2025 with 99.1% of the votes for yes.
Yes
99.1%
99.8% without abstain
Veto
0.0%
of votes cast
Ended
01 Feb 2025
99.14%
of votes cast
0.68%
of votes cast
0.18%
of votes cast
0.01%
of votes cast
This proposal implements an update to the IBC Rate Limit contract administered by Osmosis governance
The IBC Rate Limit module is a safety control implemented in [Hidden link], intended to protect assets on Osmosis in the event of security issues with:
Rate limits allow only a specified net percentage change in the quantity of an asset on Osmosis within a specified period.
Slowing down the rate of security incidents allows validators more time to respond, investigate, and take any required action. It either caps the rate at which exploited tokens generated elsewhere can be sent to Osmosis for disposal or prevents unusually high amounts of tokens on Osmosis from being removed.
This upgrade to the IBC Rate Limits contract adds additional checks to the existing contract while maintaining all previous functionality and states
Forum Thread: [Hidden link]