This proposal would recognise CMST as a stablecoin asset on Osmosis.
Details
Proposal #233 defined Stablecoins as an asset type to be used in the incentive category structure. Assets defined as Stablecoins are currently eligible for:
Access to the Osmo/Stable Category for their incentivised pools
Access to the Stable/Stable Category for their incentivised pools
Automatic matching of External incentives within the Stable/Stable Category as per Proposal #377
In the Cosmos ecosystem, CMST is currently the only overcollateralized stablecoin backed by decentralised assets like OSMO, ATOM, and stATOM as well as stablecoins like axlUSDC and axlDAI. CMST is currently part of the DAI/CMST/IST Pool (#908), which is the most liquid stablepool on Osmosis. CMST currently has a circulating supply of ~.3M.
About CMST:CMST aims to be the liquidity unifying stabletoken in the broader interchain ecosystem. Harbor protocol is a stablecoin protocol on the Comdex chain for minting CMST, which is an overcollateralized stablecoin, soft-pegged to the US Dollar. CMST, (at the time of writing this proposal) is the only open-source decentralised stabletoken in the Cosmos ecosystem that can be minted using OSMO, ATOM and stATOM as collateral. Being fully governed by HARBOR holders, and backed by a large range of decentralised assets like ATOM and OSMO, CMST is positioned to be the prime stabletoken for the interchain DeFi ecosystem.
Website: https://harborprotocol.one/. - By voting Yes, you agree to amend the upgrades proposed.
- By voting No, you do not agree to amend the upgrades proposed.
- Vote ABSTAIN if you don't have a strong opinion about the proposal.
- Vote NO WITH VETO if you think this proposal is harming the network and the depositor should be slashed for submitting it.