This proposal would change the token that non-Quote assets are swapped to on Osmosis from USDC.axl to USDC via Noble.

Background

Osmosis currently sends 33% of non-OSMO tokens collected via Taker fees to the community pool.

These are sent directly if they are an existing Quote asset and swapped to a denom set by governance if not.

This denom is currently set to USDC.axl. This proposal asks that it be adjusted to native USDC as the most native version of USDC.

Setting to be changed

Subspace: poolmanager Parameter: CommunityPoolDenomToSwapNonWhitelistedAssetsTo Current Setting: ibc/D189335C6E4A68B513C10AB227BF1C1D38C746766278BA3EEB4FB14124F1D858 New Setting: ibc/498A0751C798A0D9A389AA3691123DADA57DAA4FE165D5C75894505B876BA6E4

Forum Thread: https://forum.osmosis.zone/t/change-community-pool-default-revenue-token-to-usdc-via-noble/482