This proposal would add FIL to the list of assets that Osmosis recognises as strategically important for growth, increasing the incentives allocated to it.
## Details
FIL is currently the rank 31 cryptocurrency by marketcap with a valuation of around $1.9 Billion, 5 times higher than Osmosis. The majority of trade volume happens on centralised exchanges, not on Osmosis, there are currently no decentralised exchanges listing FIL. This proposal asks if Osmosis has a strategic interest in attracting more liquidity of FIL and so will enable it to access a greater proportion of liquidity incentives.
## About FIL
Filecoin is a peer-to-peer network that allows anyone to store and retrieve data on the internet. Built-in economic incentives ensure that files are stored and retrieved reliably and continuously for however long a user specifies.
Filecoin is provided through the Axelar bridge from the Filecoin network. The Filecoin network runs the Filecoin Virtual Machine (FVM), a runtime environment for smart contracts written in Solidity.
Website: https://filecoin.io/
Commonwealth Thread: https://commonwealth.im/osmosis/discussion/11304-filecoin-incentives