This is a signaling proposal for the Stride blockchain to join the ATOM Economic Zone and adopt interchain security (ICS) from Cosmos Hub. This signaling proposal is only to achieve social consensus, and will not directly make any changes to Cosmos Hub.
If passed, two concurrent follow-up proposals would be required to implement this signaling proposal, namely 1) an interchain security prop to onboard the Stride blockchain, and 2) a community spend prop to send 450K ATOM to the ATOM Accelerator DAO multisig.
Under this proposal, Stride would share its various revenues with Cosmos Hub as follows:
-15% of liquid staking rewards
-15% of STRD inflationary staking rewards
-15% of maximal extractible value (MEV) revenue
-15% of transaction fees
In return, Cosmos Hub would share its economic security with Stride. Also, since Stride would be part of the ATOM Economic Zone, Cosmos Hub would share 450,000 ATOM, to be provided to an stATOM/ATOM liquidity pool on Astroport’s Neutron deployment. These funds would be used to facilitate trading between stATOM and ATOM, would not be spent in any way, would remain the property of Cosmos Hub, and would always remain under the control of Cosmos Hub.
The Stride blockchain has already voted yes to this proposal. Now it’s time for Cosmos Hub to decide if it wants to accept Stride’s application to join the AEZ and adopt ICS.
Governance votes
The following items describe the voting options and their significance for this proposal:
-YES: You agree with all the terms of this proposal, the main terms being: 1) Cosmos Hub shares its economic security with Stride, 2) Cosmos Hub shares 450K of ATOM liquidity, and 3) Stride shares 15% of all its revenues with Cosmos Hub
-NO: You do not agree with all the terms of this proposal. You may agree with some terms and disagree with others. But if you do not agree with all terms, vote NO
-NO WITH VETO: You 1) consider this proposal to be spam, 2) believe it infringes on minority interests, or 3) believe it violates the rules of engagement as currently set out by Cosmos Hub governance. If the number of NoWithVeto votes is greater than a third of total votes, the proposal is rejected and the deposits are burned
ABSTAIN: You wish to contribute to quorum but you formally decline to vote either for or against the proposal
