Prop 335: Close Inactive Market (Osmosis axlUSDC)

Summary

This proposal proposes the closure of the Osmosis axlUSDC long market due to zero active positions on mainnet. The closure process is structured to ensure the safe return of user funds and to streamline the protocol by retiring underutilized components.

The action will proceed in two steps: 1. Automatic Return of Deposits: The existing deposits, currently amounting to roughly 52.33k axlUSDC, will be automatically distributed back to the corresponding lenders. This guarantees that all users are made whole and that no funds remain in the lending pool. 2. Market Closure: Following the distribution of funds, the Osmosis axlUSDC long market will be fully closed. Users will no longer be able to deposit into the lending pool or open margin long positions there.

This measure eliminates maintenance overhead for an inactive market and prepares the protocol for focusing resources on active and strategically valuable markets.

By voting "YES" on this proposal, you consent to the automatic distribution of remaining Osmosis axlUSDC deposits to lenders and the full closure of this long market as a follow-up action.