Observatory
Osmosis
Governance
Proposal #854

Osmosis

Finance

75

Last synced N/A

Proposal Details

Proposal #854

Passed

Proposal title

Alloyed USDT: Add USDT variants from ETH L2s via Axelar to Alloyed USDT

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

99.12%

Proposal #854 description

This proposal would add multiple USDT variants from Ethereum Layer 2s via Axelar constituents of Alloyed USDT with static limits of 20% each, as well as adding static limits to the existing assets within Alloyed USDT.

Alloyed USDT

Alloyed USDT was recognized as the canonical USDT on Osmosis in Proposal 792.

It currently has around 2 million in supply on Osmosis, and consists of:

  • USDT.axl (Axelar bridge from Ethereum)
  • USDT.kava (IBC from Kava EVM)
  • USDT.wh (Wormhole bridged from Ethereum)
  • USDT.sol.pica (Picasso bridged from Solana)
  • USDT.inj (Injective Bridge from Ethereum)
  • USDT.rt (Router Bridge)

This proposal requests the addition of multiple USDT variants from Ethereum Layer 2s via Axelar bridge to the USDT Alloy. This brings more direct connections to USDT liquidity on Arbitrum, Polygon and Optimism utilizing the Axelar bridge which has previously been used to connect to Ethereum as an Osmosis Canonical Bridge.

Connecting directly to this liquidity represents around:

Arbitrum: 2.3% of Circulating USDT

Optimism: 0.75% of Circulating USDT

Polygon: 0.6% of Circulating USDT

Source: DefiLlama

This proposal adds these assets with static rate limits of 20% each, as well as adding static rate limits to the assets already included in the USDT Alloy as follows:

  • USDT.axl - 75%
  • USDT.kava - 75%
  • USDT.wh - 20%
  • USDT.sol.pica - 20%
  • USDT.e.arb.axl - 20%
  • USDT.e.matic.axl - 20%
  • USDT.e.op.axl - 20%

For a full description of Alloyed Assets, see the Blog Post

Forum Post: https://forum.osmosis.zone/t/add-several-variants-to-alloyed-usdt/3057

Proposal #854 overview

Total votes
6,340
Voters
6,333
Total deposit
1,600 OSMO

Proposal #854 votes

#

Validator

Account Address

Options
1StakecitoYes
2bryanlabsYes
3Stakewolle.com |100% InsuranceYes
4White WhaleYes
5PRO DelegatorsYes
6vido.infoYes
7ProvalidatorYes
8Oni ⛩️Yes
9ValidatusYes
10NosNode🔮Yes
11DELIGHTYes
12Kalia NetworkYes
13Stakely.ioYes
14ShapeShift DAOYes
15Booga BerasYes
16KalpaTechYes
17ztake.orgYes
18S16 Research VenturesYes
19InterblocYes
20EverstakeYes
21Interstellar Lounge 🍸Yes
22blockscapeYes
23KahunaYes
24FreshSTAKINGYes
25Nocturnal LabsYes
26Vitwit (Previously Witval)Yes
27Nodes.GuruYes
28QuebecYes
290base.vcYes
30#decentralizehk - DHK daoYes
31NodeStakeYes
32KleomedesYes
33OldcatYes
34Swiss StakingYes
35DSRVYes
36coinhall.orgYes
37Coinage x DAICYes
38CryptoDungeonYes
39CryptoCrew Validators ✅Yes
40HFA X Defi DojoYes
41AllnodesYes
42Cypher CoreYes
43strangeloveYes
44Leonoor's CryptomanYes
45Uncle EdYes
46DAO DAOAbstain
47Trust NodesAbstain
48InteropYes
49PoS NodeYes
50WhisperNode 🤐Yes
51Citadel.oneYes
52GATA HUBYes
53Smart Stake 📈📊Yes
54Dora FactoryYes
55Tedcrypto.io 🧸 | TedLottoYes
56Chorus OneYes
57NansenYes
58Node GuardiansYes
59Stake&Relax 🦥Yes
60Frens (🤝,🤝)Yes
61AutoStake 🛡️ Slash ProtectedYes
62Simply StakingYes
63MeriaYes
64Klub StakingYes
65Active NodesYes
66KeplrYes
6701nodeYes
68CosmostationYes
69PingYes
70Imperator.coYes
71ObiYes
72SpectrumXYes
73The_CyberneticsYes
74ECO Stake 🌱Yes
75Margined ProtocolYes
76CrowdControlYes
77CrosnestYes
78in3s.comYes
79KomikuriYes
80CommunityStakingAbstain
81polkachu.comYes

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