Osmosis updates Cosmos Hub proposal: cancels new ATOM minting, shifts to using DEX protocol revenue for buybacks on the open market
Foresight News reported that Cosmos ecosystem DEX Osmosis posted on Twitter stating that it has updated its Cosmos Hub proposal based on feedback from validators and the community. The main change is that there will no longer be additional ATOM minted; instead, the required ATOM will be gradually purchased on the open market through revenue generated by the Osmosis DEX protocol, to be used for OSMO/ATOM conversions. The total acquisition amount is still capped at less than 2.5% of the total ATOM supply. The proposal is now entering the Cosmos Hub governance discussion phase.
According to a previous Foresight News report, Osmosis announced it had introduced a major proposal to the Cosmos ecosystem to integrate Osmosis directly into Cosmos Hub. If governance is approved by both chains, Osmosis DEX will natively migrate to the Hub, thereby unifying liquidity, governance, and security onto a single chain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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