This proposal would create nine new Supercharged Liquidity pools:
- SOL/USDT 0.2% Spread
- SOL/USDT 0.05% Spread
- APT/USDT 0.2% Spread
- APT/USDT 0.05% Spread
- SUI/USDT 0.2% Spread
- SUI/USDT 0.05% Spread
- BONK/USDT 0.2% Spread
- BONK/USDT 0.05% Spread
- whUSDT/USDT 0.05% Spread
During the rollout period, the creation of Supercharged Liquidity pools is permissioned by governance as established in Proposal 532.
The proposed pools are the planned initial assets provided by Wormhole to Osmosis.
Wormhole was recently granted Canonical bridge status for these assets in Proposal 582.
Pairings with USDT are proposed as stablecoin pairings are more attractive to liquidity providers who only have to account for the volatility of one side of their position.
These pairings will also be beneficial to Osmosis when the Taker fee, approved in Proposal 530, is implemented as it will form additional yield to stakers as well as establish non-OSMO value in the community pool.
The higher spread factors mirror the typical spread factors used on Classic pools. The lower spreads will potentially be more efficient at collecting rewards for the same liquidity, as seen in other concentrated liquidity models but require more volume to reach the same fee generation and so are likely poor for initial bootstrapping purposes. The addition of two levels of the spread factor will enable the market to decide where liquidity reward collection is optimal as the markets grow.
Solana is a blockchain built for mass adoption. It’s a high-performance network that is utilized for a range of use cases, including finance, NFTs, payments, and gaming. Solana operates as a single global state machine and is open, interoperable, and decentralized.
Aptos is the layer 1 blockchain engineered to evolve. Built with Move to create a home where developers build future-proof apps efficiently and enjoyably. Aptos is designed with scalability, safety, reliability, and upgradeability as key principles.
Sui is a next-generation smart contract platform with high throughput, low latency, and an asset-oriented programming model powered by Move.
THE DOG COIN OF THE PEOPLE
Initially launched as a free airdrop to the Solana community on Christmas Day 2022, BONK’s adoption has since grown parabolically to emerge as the true community coin of web3
Target on-chain date: Latest of 18th August 2023 and Gateway Launch