On passing, this proposal would enable Superfluid Staking on the OSMO/FTM (#900) pool on Osmosis.

Details

Superfluid proposals ask whether governance trusts in the stability and security of the chain sufficiently to allow their tokens to have an influence on Osmosis governance.

This proposal would enable Superfluid Staking in the OSMO/FTM pool (#900).

If enabled at the current 50% discount rate, an additional ~70 thousand OSMO can be used to secure the network through staking.

This proposal comes after the bootstrapping period for FTM implemented in Proposal 435 has ended.

About Fantom

Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Fantom’s mainnet deployment—Fantom Opera—is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.

Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. This is achieved while remaining permissionless, decentralized, and open-source.

FTM is currently provided on Osmosis via the Axelar bridge.

Website: https://fantom.foundation/

Commonwealth Thread: https://commonwealth.im/osmosis/discussion/10362-enable-superfluid-staking-on-osmoftm