Alloyed USDT: Add USDT.eth.inj

Description

This proposal would add USDT.eth.inj as a constituent of Alloyed USDT with a static limit of 20%.

Alloyed USDT

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

It currently has around 1.8 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.pica (Picasso bridged from Solana)

This proposal requests the addition of USDT.eth.inj as a constituent of Alloyed USDT with a static limit of 20%.

There is approximately 24M of USDT in use on Injective, bridged from Ethereum via the Peggy bridge. As the main stablecoin in use with Injective applications this connection will faciliate the flow of liquidity between Injective and Osmosis.

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

About Injective and Peggy

Injective is a lightning-fast, interoperable, layer one blockchain optimized for building premier Web3 financial applications. Injective provides developers with robust plug-and-play modules such as a fully decentralized orderbook, binary options, real-world asset (RWA) module, and more, allowing developers to build a diverse array of sophisticated applications.

The Peggy module enables the Injective Chain to support a trustless, on-chain bidirectional ERC-20 token bridge to Ethereum. In this system, holders of ERC-20 tokens on Ethereum can convert their ERC-20 tokens to Cosmos-native coins on the Injective Chain and vice-versa.

This decentralized bridge is secured and operated by the validators of the Injective Chain.

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