# Alloyed BTC: Increase nBTC static limit to 10%

**URL:** <https://forum.osmosis.zone/t/alloyed-btc-increase-nbtc-static-limit-to-10/3296>\
**Category:** Alloyed Assets\
**Tags:** passed\
**Created:** [November 19, 2024, 6:22pm UTC](https://forum.osmosis.zone/t/alloyed-btc-increase-nbtc-static-limit-to-10/3296 "2024-11-19T18:22:12Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![JohnnyWyles](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/johnnywyles/32/3114_2.png) [@JohnnyWyles](https://forum.osmosis.zone/u/JohnnyWyles)\
**Post date:** [November 19, 2024, 6:22pm UTC](https://forum.osmosis.zone/t/alloyed-btc-increase-nbtc-static-limit-to-10/3296/1 "2024-11-19T18:22:12Z")

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This proposal would expand the static rate limit of nBTC within Alloyed BTC to 10%.

## Proposal

This proposal requests expanding nBTC from the initial static rate limit of 5% to 10% as the nBTC audit has now been published [here](https://blog.nomic.io/security-audit-trail-of-bits-8ae87ce19bf0?gi=fedde467b8e5).

This allows the BTC alloy room to expand from more external sources as well as supporting adoption of the Nomic bridge now that the [nBTC Revenue Share Proposal](https://daodao.zone/dao/osmosis/proposals/795) is proposed to be activated in [Proposal 863](https://daodao.zone/dao/osmosis/proposals/863).

For a full description of Alloyed Assets, see the [Blog Post](https://forum.osmosis.zone/t/alloyed-assets-on-osmosis-unifying-ux-and-solving-liquidity-fragmentation/2624)

## Alloyed BTC

[Alloyed BTC](https://celatone.osmosis.zone/osmosis-1/contracts/osmo1z6r6qdknhgsc0zeracktgpcxf43j6sekq07nw8sxduc9lg0qjjlqfu25e3) was recognized as the canonical Bitcoin on Osmosis in [Proposal 813](https://daodao.zone/dao/osmosis/proposals/813).

It currently has around [61 BTC in supply on Osmosis](https://app.osmosis.zone/assets/BTC), and consists of:

- WBTC.axl (Axelar bridge from Ethereum) (75% cap)
- WBTC (Natively Issued on Osmosis) (100% cap)
- nBTC (Nomic Bridged Bitcoin) (5% cap)
- ckBTC (Chain-key Bitcoin) (10% cap)

## About Nomic

Nomic offers a decentralized, non-custodial Bitcoin bridge to IBC-enabled chains like Osmosis. nBTC, the Bitcoin-backed asset provided by Nomic, is live on Osmosis today, along with Interchain Deposits. This feature allows Osmosis users to deposit BTC directly within the Osmosis app to receive nBTC.

**Target Onchain Date** : 22nd November 2024

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**Author:** ![nostradamus](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/nostradamus/32/93_2.png) [@nostradamus](https://forum.osmosis.zone/u/nostradamus)\
**Post date:** [November 20, 2024, 5:49am UTC](https://forum.osmosis.zone/t/alloyed-btc-increase-nbtc-static-limit-to-10/3296/2 "2024-11-20T05:49:06Z")

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Great! Happy to have more nBTC in the Alloy as questions persist with WBTC’s ownership transistion.

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**Author:** ![LeonoorsCryptoman](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/leonoorscryptoman/32/208_2.png) [@LeonoorsCryptoman](https://forum.osmosis.zone/u/LeonoorsCryptoman)\
**Post date:** [November 20, 2024, 6:34pm UTC](https://forum.osmosis.zone/t/alloyed-btc-increase-nbtc-static-limit-to-10/3296/3 "2024-11-20T18:34:49Z")

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With the revenue share and the possible upcoming final release for the real NOM-mainnet we might see inflow of BTC. Upping the boundaries is a good move, especially since if it doesn’t bring new inflow the rest will just rebalance in terms of share percentages.