Currently the swap tree of the Oracle smart contract takes into account 8 assets - USDC, OSMO, ATOM, NLS, stOSMO, stATOM, WETH and WBTC, and relates to their respective pool IDs on Osmosis. Several new assets are planned to be eligible for leasing on Nolus and these are - AKT, AXL, qATOM, stkATOM, STRD, INJ, SCRT, STARS, CRO, JUNO and EVMOS. Respectully, their Osmosis mainnet pools also need to be included in the Oracle swap tree. Even though the assets are included in a bulk, they will be added one by one over the course of the upcoming weeks in the UI (user interface) of the Nolus dApp.
AKT is the native cryptocurrency token of Akash Network. It is integral for securing the network, executing transactions and contracts, and incentivizing community participation through staking and rewards. As the ecosystem grows, AKT is anticipated to play an increasingly vital role in enabling and securing decentralized cloud services. Liquidity on Osmosis mainnet - 2.1M USD
AXL is the native cryptocurrency token of the Axelar network. Axelar is a programmable blockchain interoperability layer that spans all of Web3. Axelar network uses battle-tested proof-of-stake consensus. AXL is used for securing the network through staking/delegating, participating in governance and for network transaction fees where Axelar users do not need to hold the token, since conversions into AXL tokens and destination-chain tokens are handled on the back end via smart-contract logic. Liquidity on Osmosis mainnet - 1.5M USD
qATOM is a liquid staking derivative asset issued by Quicksilver. You can choose to any validator on the supported chain, liquid staking rewards are autocompounded by the protocol and you retain your governance rights. Liquidity on Osmosis mainnet - 1.4M USD (stable-swap pool)
stkATOM is a liquid staking derivative asset issued by Persistence. stkATOM can be thought of as yield generating tokens. Rewards are auto-compunded, hence the mechanism is to have the derivative appreciate against the base asset, similar to stATOM and qATOM. Your ATOM stake is divided equally among 62 validators when you decide to use Persistence to liquid stake your ATOM. Liquidity on Osmosis mainnet - 760k USD (stable-swap pool)
STRD is the native cryptocurrency token of the Stride network which is a liquid staking provider on Cosmos. It allows holders to vote on important decisions such as the distribution of staked tokens to each validator, the onboarding of new validators, and other protocol upgrades and improvements. STRD can also be staked to secure the Stride appchain. Liquidity on Osmosis mainnet - 930k USD
INJ is the native cryptocurrency token of the Injective network. Injective is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more. The use cases intended for INJ include but are not limited to: protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives and staking. Liquidity on Osmosis mainnet - 1.2M USD
SCRT is the native cryptocurrency token of the Secret network. Secret is a privacy-oriented blockchain built on Cosmos. SCRT can be used for staking, voting, and paying network transaction fees. Liquidity on Osmosis mainnet - 925k USD
STARS is the native cryptocurrency token of the Stargaze network. Stargaze is a decentralized and community-owned network for NFTs. STARS is used for transaction fees, governance, staking, voting in the DAO to curate NFTS and fund creators, minting and bidding on NFTs. Liquidity on Osmosis mainnet - 900k USD
CRO is the native cryptocurrency token of Cronos network — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company. It is also the native token of the Crypto.org chain - a chain dedicated to fast payment settlements. The main purpose of the token is to serve as a medium of exchange within the Crypto.com ecosystem. This ecosystem includes a mobile application that allows users to buy, sell, and trade cryptocurrencies, as well as a Visa debit card that enables users to make purchases using cryptocurrencies at millions of merchants worldwide. Liquidity on Osmosis mainnet - 1.17M USD
JUNO is the native cryptocurrency token of the Juno network. Juno is a sovereign public blockchain in the Cosmos ecosystem, which provides an environment for the deployment of interoperable smart contracts using CosmWasm. JUNO is used for transaction fees, staking and governance as well as a developer incentive mechanism. Liquidity on Osmosis mainnet - 850k USD
EVMOS is the native cryptocurrency token of the Evmos network. EVMOS is an EVM-compatible blockchain network built using the Cosmos SDK. Its architecture allows users to perform both Cosmos and EVM formatted transactions, developers to scale EVM dApps cross-chain via IBC, and tokens and assets in the network to come from different independent sources. EVMOS provides the utility of: securing the Proof-of-Stake chain, token used for governance proposals, distribution of fees to validator and users, and as a mean of gas for running smart contracts on the EVM. Liquidity on Osmosis mainnet - 720k USD
By voting YES on this proposal, you agree to make these adjustments to the Oracle swap tree and allow the assets listed above to be leased on the Nolus Protocol.