Cosmos Stabletoken Liquidity Initiative (CSLI)

Cosmos Stabletoken Liquidity Initiative (CSLI)

Also known as Cosmos Hub Proposals 899 and 912

Proposal summary

  • This proposal allocates 4% of the Cosmos Community Pool’s idle ATOM to liquid staking on Stride and Persistence.
  • Initially 188,768 ATOM will be transferred, with an additional 6% in the next quarter, totaling approximately 10% of the Community Pool.
  • The staked assets will be managed by a multisig, with an estimated increase in capital efficiency of 18% on the original ATOM.

Milestones Completed:

  • Proposal passes, funds transfered to multisig cosmos18d3gg43rlrmudvcdrgdects3v5cd3w6ds7646v
  • Multisig wallets setup on
    • Persistence persistence18d3gg43rlrmudvcdrgdects3v5cd3w6d7jux5g
    • Stride stride18d3gg43rlrmudvcdrgdects3v5cd3w6dn46fwq
  • ATOM staked
  • IBC tokens to Agoric
    • 125,046.19 stATOM IBC transferred to Agoric chain
    • 14,731.72 stkATOM IBC transferred to Agoric chain

Milestones to do:

  • Open Inter Protocol Vaults
    • stATOM
    • stkATOM
  • Mint IST from Inter Protocol Vaults
    • stATOM
    • stkATOM
  • Move IST to DEXes
    • Osmosis
    • Astroport
    • Shade
    • Quasar
  • Swap IST for USDC on Osmosis
  • IBC USDC to DEXes
    • Astroport
    • Shade
    • Quasar
  • Swap USDC for SILK
  • Add liquidity to pools:
    • 30% to Osmosis IST/USDC Concentrated Liquidity pool
    • 25% to Astroport IST/USDC.nbl pool
    • 25% to a Quasar IST/USDC vault
    • 20% to Shade IST/SILK pool
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Note: this has been posted to the Cosmos Hub forum for discussion as well: Cosmos Stabletoken Liquidity Initiative (CSLI) status - Proposal updates - Cosmos Hub Forum

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