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Proposal #943

Alloyed DOGE: Add ckDOGE

PassedExecute Contract

Passed on 04 Jun 2025 with 90.7% of the votes for yes.

Yes

90.7%

98.5% without abstain

Veto

0.0%

of votes cast

Ended

04 Jun 2025

The ballotvotes cast · final tally
Yes

90.68%

of votes cast

Abstain

7.97%

of votes cast

No

1.34%

of votes cast

Veto

0.01%

of votes cast

This proposal would add [Hidden link] as a variant of [Hidden link] with an initial static limit of 20%.

Alloyed DOGE

[Hidden link] is the canonical DOGE on Osmosis, following the approval criteria in [Hidden link].

The alloy currently contains around [Hidden link] and consists of DOGE.int3 alone.

This proposal requests that ckDOGE be added to the existing DOGE Alloy, enabling DOGE deposits via the ICP bridge.

This proposal adds an initial static rate limit of 20% to bound risk to Alloyed DOGE for a new variant. This limit is set to the same proportion as the current [Hidden link]. However, the overall asset exposure is much lower at $120k.

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

About Omnity

[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.

About the Internet Computer and ckBTC

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.

Parameters

Adds [Hidden link] - factory/osmo10c4y9csfs8q7mtvfg4p9gd8d0acx0hpc2mte9xqzthd7rd3348tsfhaesm/dogecoin-native-DOGE to [Hidden link] osmo10pk4crey8fpdyqd62rsau0y02e3rk055w5u005ah6ly7k849k5tsf72x40

Normalization factor of 1 due to the exponent of 8 which is standard for DOGE. Current Alloy config is: DOGE.int3 - ibc/B3DFDC2958A2BE482532DA3B6B5729B469BE7475598F7487D98B1B3E085245DE - Exponent 8, Normalization 1 allDOGE - factory/osmo10pk4crey8fpdyqd62rsau0y02e3rk055w5u005ah6ly7k849k5tsf72x40/alloyed/allDOGE - Exponent 8, Normalization 1

Adds an initial static rate limit of 20% to the same denom and contract.

Forum Thread: [Hidden link]

Timeline

  1. Submitted30 May 2025
  2. Voting started30 May 2025
  3. Voting ended04 Jun 2025
  4. Deposit deadline13 Jun 2025

Proposer

Address
osmo19w2…3hfq0r
Deposit1.6K

Rules

Not recorded for this proposal.