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Osmosis updates Cosmos Hub proposal: cancel the new issuance of ATOM, replaced with revenue from DEX protocols used to buy back on the open market
ME News Report, April 6 (UTC+8), Cosmos ecosystem DEX Osmosis posted on Twitter that it has updated the Cosmos Hub proposal based on validator and community feedback. The biggest change is that no new ATOM will be minted; instead, the required ATOM will be gradually purchased on the open market through the Osmosis DEX protocol, for OSMO/ATOM conversions. The total purchase amount remains limited to less than 2.5% of the total ATOM supply. The proposal is currently in the Cosmos Hub governance discussion stage.
Foresight News previously reported that Osmosis announced a major proposal to the Cosmos ecosystem, which would directly integrate Osmosis into the Cosmos Hub. If approved by governance on both chains, Osmosis DEX will be migrated natively to the Hub, thereby unifying liquidity, governance, and security onto a single chain. (Source: Foresight News)