*** Authorize Indexer Performance Upgrade v1.6.1 • Injective Protocol • 0h 0m left *** Security validation for InjHub proposal rendering • Injective Protocol • 0h 0m left *** Migrate ServiceRegistry contract • Axelar Network • 0h 0m left *** Update Oracle Feeds to Pyth Pro for Various Perpetual Markets on Injective Exchange dApps Batch 2 • Stargaze • 0h 0m left *** Allow axelar14vps3ev03zyp2wmj89etx8rrxdxyltfy4rzl5m to upload wasm code • Axelar Network • 0h 0m left *** Set instantiate_default_permission to AnyOfAddresses • Axelar Network • 0h 0m left *** Allow axelar14vps3ev03zyp2wmj89etx8rrxdxyltfy4rzl5m to upload wasm code • Axelar Network • 0h 0m left *** Signaling Proposal: Freeze Hacker Funds and Recustody to a Trusted Distributor at a Later Date • Axelar Network • 0h 0m left *** Recover expired IBC client 07-tendermint-1737 (Osmosis <> Gravity Bridge) • Osmosis • 0h 0m left *** Recover Quicksilver IBC client • Cosmos Hub • 10h 30m left *** Set Minimum Notional for FanPicks (PICKS) • Injective Protocol • 13h 33m left *** Store Bluechip factory.wasm (1 of 3) • Osmosis • 96h left
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Osmosis

#1025

PASSED

Alloyed DOGE: Add cbDOGE (Axelar)

Proposal Type: Text (Signaling)

Proposal Contents (*the original text from the proposer)

This proposal would add cbDOGE, bridged via Axelar, as a constituent of Alloyed DOGE

Alloyed DOGE

Alloyed DOGE is the canonical DOGE on Osmosis, following the approval criteria in Proposal 826. The alloy currently holds around 1.36M DOGE (~$84k of liquidity), composed entirely of DOGE.int3.

DOGE.int3 is bridged via the Int3face (Bitfröst) bridge, which has signaled a wind-down of operations on other chains. Osmosis therefore currently lacks a reliable long-term DOGE bridge, so a replacement route is required to keep Alloyed DOGE functional. This swapping out of the underlying asset is a feature of Alloys that allows holders and liquidity providers to be migrated to new bridges without taking any action, while retaining ownership of their tokens.

About Axelar

Axelar is a Canonical Bridge Service Provider on Osmosis, providing cross-chain bridging between Osmosis and external chains. It has been in use on Osmosis for an extended period and already backs Axelar variants across several other alloys.

Proposal details

Because this variant is an intended replacement for the Int3face route rather than an additional variant, it is added at a 100% static composition limit. The funds at risk are lower than for previous variant-addition proposals for deeper alloys such as BTC and ETH.

Governance can adjust the static limit in the future if additional DOGE routes are added.

Onchain change

Register cbDOGE.axl (denom: ibc/D6ED8CCF01DE2F86D0D8A9605A8535A66C930697E986616227506EBDE8B8AC91) as a new variant of Alloyed DOGE on the contract (osmo10pk4crey8fpdyqd62rsau0y02e3rk055w5u005ah6ly7k849k5tsf72x40), with no static upper limit.

  • Alloy: Alloyed DOGE
  • Alloy contract: osmo10pk4crey8fpdyqd62rsau0y02e3rk055w5u005ah6ly7k849k5tsf72x40 (Transmuter v3.2.0)
  • New variant denom: ibc/D6ED8CCF01DE2F86D0D8A9605A8535A66C930697E986616227506EBDE8B8AC91
  • Normalization factor / exponent: 8

Forum Post: https://forum.osmosis.zone/t/alloyed-doge-add-cbdoge-axelar/4063

Voting Results

Status: Quorum Met
(40.48% of the required 30.00%)
Tokens Voted
84,943,471
Yes
77,896,701
91.7%
No
9,802
0.0%
No With Veto
475
0.0%
Abstain
7,036,492
8.3%

Vox Populi

Community discussions related to the proposal.

There do not appear to be any discussions on this proposal at this time.