Osmosis updates Cosmos Hub proposal, canceling the addition of the ATOM casting program.

PANews reported on April 6th that the Osmosis team announced an update to the Cosmos Hub proposal, based on feedback from validators and the community, canceling the plan to add new ATOM minting. The required ATOM will be gradually purchased from the DEX through protocol revenue to support the OSMO→ATOM conversion. A revenue support model linked to protocol performance will be introduced, with the total acquisition volume controlled to within 2.5% of the ATOM supply.

Previous reports indicated that Osmosis plans to optimize the OSMO token economic model, including increasing Bitcoin reserves and achieving net deflation for OSMO by the end of the year .

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Sources familiar with the matter revealed details of the proposed US-Iran ceasefire agreement.
PANews Newsflash