Proposal Details

Proposal #806

Passed

Proposal title

IBC Rate Limit Review - July 2024

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

98.73%

Proposal #806 description

This proposal reviews the IBC rate limits, last adjusted in Proposal 778 to remove rate limits for qATOM and add rate limiting for USDT.axl and ISLM.

Background

The IBC Rate Limit module is a safety control implemented in v13, intended to protect assets on Osmosis in the event of security issues with:

Osmosis
A counter-party chain
IBC

Rate limits allow only a specified net percentage change in the quantity of an asset on Osmosis within a specified period.

Slowing down the rate of security incidents allows validators more time to respond, investigate, and take any required action. It either caps the rate at which exploited tokens generated elsewhere can be sent to Osmosis for disposal or prevents unusually high amounts of tokens on Osmosis from being removed.

Current IBC Rate limits can be monitored on the Range Dashboard.

These limits currently cover 83% of non-OSMO liquidity; this proposal adjusts this to 86%.

Proposed Values

Current Denominations - Adjustments

None

Current Denominations - Removals

To be removed due to lower liquidity levels, which cause the daily caps in raw assets to be lower than expected. qATOM has hit the daily caps repeatedly since these were implemented but no further action has been taken as these appear to have been legitimate withdrawals.

qATOM (83k Liquidity) - ibc/FA602364BEC305A696CBDF987058E99D8B479F0318E47314C49173E8838C5BAC

New Denominations

To be set at net flows of 25% per day and 50% per week. These assets have liquidity in the range at which other rate limited assets have been added (350k+)

USDT.axl (750k Liquidity) - ibc/8242AD24008032E457D2E12D46588FD39FB54FB29680C6C7663D296B383C37C4

ISLM (1.35m Liquidity) - ibc/69110FF673D70B39904FF056CFDFD58A90BEC3194303F45C32CB91B8B0A738EA

Forum Thread: https://forum.osmosis.zone/t/ibc-rate-limit-review-july-2024/2896

Proposal #806 overview

Total votes

8,260

Voters

8,246

Total deposit

1,600 OSMO

Proposal #806 votes

#	Validator	Options
1	Crosnest	Yes
2	Stakewolle.com \|100% Insurance	Yes
3	Node Guardians	Yes
4	Chainflow	Yes
5	[Beehive_Official]	Yes
6	Everstake	Yes
7	POSTHUMAN 🧬 StakeDrop	Yes
8	Interbloc	Yes
9	DAO DAO	Yes
10	Tessellated	Yes
11	Provalidator	Yes
12	Crypto Assassin	Yes
13	Swiss Staking	Yes
14	Bro_n_Bro	Yes
15	DSRV	Yes
16	Please Redelegate	Yes
17	Kahuna	Yes
18	0base.vc	Yes
19	bryanlabs	Yes
20	Cypher Core	Yes
21	Hathor Node	Yes
22	Tedcrypto.io 🧸 \| TedLotto	Yes
23	GATA HUB	Yes
24	Chorus One	Yes
25	ECO Stake 🌱	Yes
26	Simply Staking	Yes
27	Booga Beras	Yes
28	Nocturnal Labs	Yes
29	Smart Stake 📈📊	Yes
30	Vitwit (Previously Witval)	Yes
31	FreshSTAKING	Yes
32	ztake.org	Yes
33	SpectrumX	Yes
34	Kalia Network	Yes
35	Quebec	Yes
36	Oni ⛩️	Yes
37	Obi	Yes
38	KingSuper	Yes
39	Secure Secrets	Yes
40	Golden Ratio Staking	Abstain
41	HFA X Defi Dojo	Yes
42	Active Nodes	Yes
43	Stakely.io	Yes
44	Cosmostation	Yes
45	Nansen	Yes
46	Mendel	Yes
47	WhisperNode 🤐	Yes
48	Oldcat	Yes
49	Coinage x DAIC	Yes
50	PoS Node	Yes
51	The_Cybernetics	Yes
52	Uncle Ed	Yes
53	Margined Protocol	Yes
54	Allnodes	Yes
55	Komikuri	Yes
56	Trust Nodes	Abstain
57	Interop	Yes
58	d3akash.cloud	Yes
59	Informal Systems	Yes
60	strangelove	Yes
61	Chill Validation	Yes
62	Validatus	Yes
63	CryptoCrew Validators ✅	Yes
64	Coverlet	Yes
65	S16 Research Ventures	Yes
66	PRO Delegators	Yes
67	vido.info	Yes
68	blockscape	Yes
69	Chihuahua	Yes
70	Klub Staking	Yes
71	in3s.com	Yes
72	CroutonDigital	Yes
73	Dora Factory	Yes
74	Meria	Yes
75	Interstellar Lounge 🍸	Yes
76	coinhall.org	Yes
77	DELIGHT	Abstain
78	SHUTDOWN_SOON	Yes
79	Citadel.one	Yes
80	CryptoDungeon	Yes
81	Leonoor's Cryptoman	Yes
82	Notional.Ventures	Yes
83	IcyCRO 🧊	Yes
84	Imperator.co	Yes
85	polkachu.com	Yes
86	#decentralizehk - DHK dao	Yes
87	Nodes.Guru	Yes
88	01node	Yes
89	BlueStake 🚀 \| 100% insurance	Yes
90	Mad Scientists	Yes
91	White Whale	Yes
92	CommunityStaking	Abstain
93	AutoStake 🛡️ Slash Protected	Yes
94	Kintsugi Nodes	Yes
95	CrowdControl	Yes

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