Osmosis Proposal: #857

Alloyed USDT: Add USDT.e.matic.axl

Status:

Passed

Yes99.6%

Turnout:51.86%

Quorum:20.00%

Yes: 99.6%

180,727,215 OSMO

No: 0%

31,486 OSMO

No With Veto: 0%

8,413 OSMO

Abstain: 0.4%

638,635 OSMO

Voting Period

Proposer

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Deposit End

Submit Time

Description

This proposal would add USDT.e.matic.axl to Alloyed USDT with a static limit of 20%.

This proposal corrects an error made in Proposal 854 which resulted in this asset not being added as intended.

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)
USDT.e.op.axl (Axelar bridge from Optimism via Optimism Bridge from Ethereum)
USDT.e.arb.axl (Axelar bridge from Arbitrum via Arbitrum bridge from Ethereu)

This proposal would add USDT.e.matic.axl, directly connecting to USDT liquidity on Polygon 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 0.6% of Circulating USDT

Source: DefiLlama

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