Juno Network

Smart Contracts

Proposal Details

Proposal #306

Rejected

Proposal title

Waive Fees for Ojo Network Oracle

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

45.77%

Proposal #306 description

Waive Fees for Ojo Network Oracle

Commonwealth post: https://commonwealth.im/juno/discussion/11612-waive-fees-for-ojo-network-oracle Ojo has deployed a push-model price oracle contract to the Juno chain which broadcasts updates about every 15s. We plan on being the premiere price oracle for Juno and the rest of the Cosmos; 60+ assets will be added to these feeds over the course of time, many of which will be cosmos-native assets such as liquid staking tokens, stablecoins, and LP tokens. This also includes our Historacle offering, which provides contextual data about these price feeds for DeFi dApps to make safer decisions on the types of transactions to allow. This has become very expensive due to the recent gas changes on Juno with Proposal 297. Ojo is requesting that Juno waives our gas fees for price feed transactions to the following contract, up to 5,000,000 gas per transaction: juno1yqm8q56hjv8sd4r37wdhkkdt3wu45gc5ptrjmd9k0nhvavl0354qwcf249 If this proposal passes, Juno leadership has agreed to implement and include this change in the next chain upgrade.

Yes

Vote YES on this proposal to support waiving gas fees for Ojo price feed updates.

No

Vote NO on this proposal to oppose waiving gas fees for Ojo price feed updates.

References Juno Contract to be whitelisted: https://www.mintscan.io/juno/wasm/contract/juno1yqm8q56hjv8sd4r37wdhkkdt3wu45gc5ptrjmd9k0nhvavl0354qwcf249 Ojo Deployment Announcement: https://twitter.com/ojo_network/status/1666173196117188609?s=20 Original twitter thread with Reece: https://twitter.com/wozchain/status/1666514198480973825?s=20 Ojo Network docs: https://docs.ojo.network/integrate Ojo GitHub: https://github.com/ojo-network Ojo Whitepaper: https://github.com/ojo-network/ojo/blob/main/whitepaper.pdf

Proposal #306 overview

Total votes
3,063
Voters
2,978
Total deposit
1,000 JUNO