Waive Fees for Ojo Network Oracle
Commonwealth post: https://commonwealth.im/juno/discussion/11612-waive-fees-for-ojo-network-oracle
Ojo has deployed a push-model price oracle contract to the Juno chain which broadcasts updates about every 15s. We plan on being the premiere price oracle for Juno and the rest of the Cosmos; 60+ assets will be added to these feeds over the course of time, many of which will be cosmos-native assets such as liquid staking tokens, stablecoins, and LP tokens. This also includes our Historacle offering, which provides contextual data about these price feeds for DeFi dApps to make safer decisions on the types of transactions to allow. This has become very expensive due to the recent gas changes on Juno with Proposal 297.
Ojo is requesting that Juno waives our gas fees for price feed transactions to the following contract, up to 5,000,000 gas per transaction: juno1yqm8q56hjv8sd4r37wdhkkdt3wu45gc5ptrjmd9k0nhvavl0354qwcf249
If this proposal passes, Juno leadership has agreed to implement and include this change in the next chain upgrade.
## Yes
Vote YES on this proposal to support waiving gas fees for Ojo price feed updates.
## No
Vote NO on this proposal to oppose waiving gas fees for Ojo price feed updates.
References
Juno Contract to be whitelisted: https://www.mintscan.io/juno/wasm/contract/juno1yqm8q56hjv8sd4r37wdhkkdt3wu45gc5ptrjmd9k0nhvavl0354qwcf249
Ojo Deployment Announcement: https://twitter.com/ojo_network/status/1666173196117188609?s=20
Original twitter thread with Reece: https://twitter.com/wozchain/status/1666514198480973825?s=20
Ojo Network docs: https://docs.ojo.network/integrate
Ojo GitHub: https://github.com/ojo-network
Ojo Whitepaper: https://github.com/ojo-network/ojo/blob/main/whitepaper.pdf