Composable’s IBC-based bridge, Centauri, has been used to bring over Kusama’s native token, KSM. This will be the first time that IBC native KSM will be introduced to the Cosmos ecosystem . A KSM/OSMO pool has been initialized via Osmosis to allow Cosmos users to access liquidity on the asset.
Composable will allocate 6,153,846.15 PICA to be used as external liquidity rewards on the KSM/OSMO pool over time.
We propose matching the incentives with OSMO rewards to attract additional Osmosis users and liquidity to the pool.
By voting YES on this proposal, OSMO stakers voice their support for adding the KSM/OSMO pool to the external incentive matching program.
By voting NO on this proposal, OSMO stakers voice their dissent for adding the KSM/OSMO pool to the external incentive matching program.
About Picasso + Centauri
Picasso network is a substrate based parachain that lives on the Kusama network. Picasso acts as a DeFi hub within the DotSama ecosystem which allows for substrate native dApp deployment as well as the ability to host CosmWasm based applications within its CosmWasm VM.
Centauri is an IBC-based bridging protocol focused on extending IBC beyond the Cosmos ecosystem. It currently allows transfers between Kusama, Polkadot, and Cosmos.
Centauri Bridge: https://app.trustless.zone/
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