This proposal removes rate limits for CUDOS due to the upcoming migration event to ASI, reducing assets held on Osmosis.
Background
Rate Limits
The IBC Rate Limit module is a safety control implemented in v13, intended to protect assets on Osmosis in the event of security issues with:
Osmosis
A counter-party chain
IBC
Rate limits allow only a specified net percentage change in the quantity of an asset on Osmosis within a specified period.
Slowing down the rate of security incidents allows validators more time to respond, investigate, and take any required action. It either caps the rate at which exploited tokens generated elsewhere can be sent to Osmosis for disposal or prevents unusually high amounts of tokens on Osmosis from being removed.
Current IBC Rate limits can be monitored on the Range Dashboard .
ASI migration
As previously referenced in Proposal 810, several AI projects are merging to become the Artificial Superintelligence Alliance.
As specified in this proposal, CUDOS is expected to halt at the end of October, and the majority of liquidity has already been withdrawn from Osmosis as it delists from exchanges.
If it already withdrawn mostly, is a lifting of the limits then required?
Is there to much still on Osmosis which is in danger when the limits are not lifted?
It isn’t a threat to Osmosis here - it’s a potential loss of value for users.
Osmosis had something like 500k dollars of CUDOS onchain which has a 50% weekly tolerance.
All CUDOS need to be converted to FET before the chain halts in a couple of weeks. I’m not saying I agree with this hard cutoff, just that it appears to be in place.
If that means that in the next two weeks, only around 75% of CUDOS can be withdrawn with these rate limits in - 50% of the current, then 50% of the new lower amount.
