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