# Cosmos Stabletoken Liquidity Initiative (CSLI)

**URL:** <https://community.agoric.com/t/cosmos-stabletoken-liquidity-initiative-csli/663>\
**Category:** Discussion\
**Created:** [May 22, 2024, 4:28pm UTC](https://community.agoric.com/t/cosmos-stabletoken-liquidity-initiative-csli/663 "2024-05-22T16:28:53Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![fred](https://sea1.discourse-cdn.com/flex019/user_avatar/community.agoric.com/fred/32/15_2.png) [@fred](https://community.agoric.com/u/fred)\
**Post date:** [May 22, 2024, 4:28pm UTC](https://community.agoric.com/t/cosmos-stabletoken-liquidity-initiative-csli/663/1 "2024-05-22T16:28:53Z")

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# **Cosmos Stabletoken Liquidity Initiative (CSLI)**

Also known as [Cosmos Hub](https://forum.cosmos.network/t/agoric-cosmos-hub-proposal/13480) Proposals [899](https://www.mintscan.io/cosmos/proposals/899) and [912](https://www.mintscan.io/cosmos/proposals/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](https://www.mintscan.io/cosmos/address/cosmos18d3gg43rlrmudvcdrgdects3v5cd3w6ds7646v/)
- Multisig wallets setup on
  - Persistence **persistence18d3gg43rlrmudvcdrgdects3v5cd3w6d7jux5g**
  - Stride **stride18d3gg43rlrmudvcdrgdects3v5cd3w6dn46fwq**

- ATOM staked
  - stATOM **[Mintscan](https://www.mintscan.io/stride/tx/546BE2339C9EB87A7446265F19FD010902FB18F3A952E86A1C817B0E6B38BB02)**
  - stkATOM **[Mintscan](https://www.mintscan.io/persistence/address/persistence18d3gg43rlrmudvcdrgdects3v5cd3w6d7jux5g)**

- IBC tokens to [Agoric](https://explorer.kjnodes.com/agoric/account/agoric18d3gg43rlrmudvcdrgdects3v5cd3w6dzrc226)
  - 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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<div class="post-metadata">

**Author:** ![fred](https://sea1.discourse-cdn.com/flex019/user_avatar/community.agoric.com/fred/32/15_2.png) [@fred](https://community.agoric.com/u/fred)\
**Post date:** [May 23, 2024, 5:51pm UTC](https://community.agoric.com/t/cosmos-stabletoken-liquidity-initiative-csli/663/2 "2024-05-23T17:51:45Z")

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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](https://forum.cosmos.network/t/cosmos-stabletoken-liquidity-initiative-csli-status/13855)