Proposal #953
Passed on 06 Jul 2025 with 98.2% of the votes for yes.
Yes
98.2%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
06 Jul 2025
98.22%
of votes cast
1.76%
of votes cast
0.02%
of votes cast
0.01%
of votes cast
This proposal would add XRP.xrplevm as a constituent of Alloyed XRP.
[Hidden link] is the canonical XRP on Osmosis, following the approval criteria in [Hidden link].
Alloyed XRP currently has approximately [Hidden link], consisting of XRP.int3 via Int3face and XRP.core via Coreum.
This proposal requests the addition of XRP.xrplevm to the existing XRP Alloy, enabling XRP to be deposited via an IBC connection to the newly launched XRPL EVM sidechain.
This proposal does not add an initial static rate limit as the exposure of the full pool is smaller than typical exposures in previous additions ($200-$350k).
[Hidden link]
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XRPL EVM has been in development since 2022 with its highly anticipated public testnet going live this past March. The testnet has seen high levels of participation with more than 12 million transactions performed so far and a [Hidden link] deployed.
The EVM sidechain is connected to Osmosis via IBC, with the sidechain connected to the main XRP Ledger by Axelar and Wormhole. The XRPL EVM Sidechain aims to bring EVM-compatible applications to the XRP Ledger.
Website: [Hidden link]
Adds [Hidden link] -ibc/46EB46DB30D3BBC6F404A9232C09785F36D40DA05C662A8E295712ECBAFF1609 to allXRP - [osmo1qnglc04tmhg32uc4kxlxh55a5cmhj88cpa3rmtly484xqu82t79sfv94w0](https://celatone.osmosis.zone/osmosis-1/contracts/osmo1qnglc04tmhg32uc4kxlxh55a5cmhj88cpa3rmtly484xqu82t79sfv94w0) with a normalization factor of 1,000,000,000,000 due to the standard EVM exponent of 18 needing to be scaled to the standard XRP exponent of 6, which is in use in both the alloy and current variants.
Forum Post: [Hidden link]