This proposal would change the token that non-Quote assets are swapped to on Osmosis from USDC to Alloyed BTC.

Background

Osmosis currently sends 55% 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 via Noble. This proposal asks that it be adjusted to alloyed BTC to increase the community pool’s regular accumulation of BTC. This should reduce the requirement for rebalancing proposals such as Proposal 948, and potentially replace the monthly purchases of BTC after upcoming taker fee adjustment proposals and v30.

Setting to be changed

Subspace:

Parameter:

Current setting:

New Setting:

Forum Thread: https://forum.osmosis.zone/t/change-community-pool-default-taker-fee-revenue-token-to-btc/3766