Osmosis | Proposal #941

This proposal seeks to add XRP.int3 - XRP bridged from XRP to Osmosis via the Bitfrost Bridge as a new constituent of Alloyed XRP. The proposal does not set an initial static cap as this alloy has lower liquidity than typical initial exposures.

Alloyed XRP

Alloyed XRP is already established as the canonical XRP representation on Osmosis. It currently has a circulating supply of approximately $130k on Osmosis. The asset is composed of one bridged variant of XRP:

Variant	Origin	Supply
`XRP.core`	Coreum	100%

Proposed Addition

This proposal recommends including XRP.int3 in the Alloyed XRP basket, allowing deposits via the Bitfrost bridge.

Initial Cap: N/A
Initial Exposure: ~$130,000

About Bitfrost

Bitfrost is a high-performance Layer-1 blockchain implementing a novel leaderless, dynamic Threshold Signature Scheme (TSS) for secure cross-chain asset transfers. Built using a modified Cosmos SDK with Proof-of-Authority consensus, Bitfrost establishes trust-minimised bridges between heterogeneous blockchain architectures, particularly focusing on unlocking UTXO-based assets and now XRP for broader ecosystem utility. Bitfrost is developing a permissionless, secure, and cost-effective asset bridge between XRP and the Cosmos ecosystem through the Cosmos Hub.

Learn more: [Hidden link]

Bitfrost's contributions to Osmosis so far

Bitfrost is currently serving Osmosis with bridged Doge as [Hidden link]. Doge.int3 comprises 100% of the [Hidden link]. This pool is one of the most active pools on Osmosis and has traded over $50M in volume.
Moreover, Bitfrost has contributed to the TON alloy pool as Ton.int3, although this makes up only 0.6% of the alloy.

Additional Resources

Alloyed Assets Blog Post: [Hidden link]
Alloyed Dashboard: [Hidden link]
Forum Post: [Hidden link]

Parameters

Adds [Hidden link] - ibc/013DE940BE791C79142EAD4DF071E1ED280DFEAB8A9DCB5932A4603A74C25CBB to [Hidden link] - osmo1qnglc04tmhg32uc4kxlxh55a5cmhj88cpa3rmtly484xqu82t79sfv94w0

with a normalization factor of 1 due to the exponent of 6 which is standard for XRP and verifiable by deposit.