This proposal seeks to grant permission to osmo1g8qypve6l95xmhgc0fddaecerffymsl7kn9muw for deploying Margined Protocol's Power Perpetuals contracts on the Osmosis network. The address, managed by @shapeshed and @maxrobot, will have the authority to upload CosmWasm contracts without requiring further governance approval for each deployment.

Contracts to be Deployed

The proposal includes the deployment of a suite of contracts to offer Power Perpetuals on Osmosis:

Power Contract: Minting and burning of power perpetuals.
Query Contract: Provides a price discovery helper.
Staking Contract: Enables MRG token
Collector Contract: Manages the collection of Margined Protocol fees.

Audit and Security

These contracts have undergone thorough audits conducted by Oak Security, with financial support from the OGP.

Protocol Enhancements

The Margined Protocol will be further strengthened through the integration of the MRG token and the establishment of an OSMO / sqOSMO liquidity pool to support the initial Power Perpetual use case.

Permissions Clarification

This proposal exclusively addresses the initial Power Perpetual contracts and their potential future upgrades. It does not grant blanket permission for all contracts or changes.

About Margined Protocol

Margined Protocol is actively engaged in the development of decentralized perpetual protocols for CosmWasm networks. One of its significant innovations is the use of concentrated liquidity pools, which facilitates genuine price discovery within these contracts. This innovation distinguishes Margined Protocol from oracle-based perpetual protocols, as it empowers traders to actively contribute to the market's information flow.

Why Price Discovery Matters Price discovery is the cornerstone of effective markets. Unlike traditional crypto derivatives, where trading occurs passively based on external data sources, Margined Protocol's approach aims to foster genuine on-chain derivative markets. This enables the transfer of risk between market participants, a crucial step for the crypto space to mature beyond a sandbox.

Resources

For more information on Margined Protocol, please refer to the following resources: