This proposal gives the address osmo19vxp8vq8qm368dr026qxh8v82satwaf79y235lfv6wmgpwxx8dtskedaku the ability to upload CosmWasm contracts to Osmosis without seeking further governance approval for each upload. This address is a 3/5 multisig consisted of Kado builders.
Kado's Router contract will be audited by Resonance Security and/or SCV Security in the coming days/weeks. Kado hopes to upload ahead of the audit in order to do more thorough testing for their on/off-ramp, to ensure production-ready contracts ahead of the general availability to the public.
Ultimately, the goal of this is to enable fiat -> X Token on Osmosis, enabling Kado to use Osmosis as a liquidity layer for on/off-ramp features. During this testing period, uploaded contracts will have whitelists in order to only allow Kado devs to interact with them. Once testing and audit are complete, these whitelists will be removed and the Kado contracts will be available for the public to use.
Governance approval for contract upload was originally intended to keep the set of dApps running on Osmosis consistent with its objective of being a DeFi hub for the Interchain. While this proposal gives authority for this multisig to permissionlessly upload CosmWasm contracts to Osmosis, governance only signals approval for contracts relating to the function of Kado's Router contract.
About Kado
Kado is a technology company that provides web3 payments infrastructure to crypto-based web and mobile applications. Our on/off-ramp-as-a-service can be integrated in less than 10 minutes and enables users to buy or sell digital assets via ACH, Wire Transfer, and with Visa and Mastercard in over 150 countries. With a focus on accelerating global web3 adoption, Kado is backed by leading crypto investment firms Hashed, Race Capital, Collab+Currency, Republic Capital, and Circle Ventures. Start using Kado today at https://kado.money.
