We propose onboarding Union, a bridge provider, to Osmosis by granting its deployer address contract upload permission. It is already integrated with Ethereum, Ethereum L2s, and most importantly is the one of the canonical bridges for Babylon.
Immediate Benefits to Osmosis
Access to eBABY through Escher and restaked BTC through Satlayer.
Onboarding users from new ecosystems.
Long Term Benefits.
Listing Union’s token down the line.
Access to new ecosystems unsupported by current IBC implementations.
Technical Implementation
Union leverages a fully virtualized IBC stack, meaning that the entire stack is deployed as a set of Cosmwasm contracts. Union maintains relayers for the channels and connections it opens, although the implementation is open to anyone to open further connections. The initial objective is a Babylon <> Osmosis connection to transfer CW20 assets.