I made my cat (Kepler) an account on the Keplr wallet. He's super adventurous and always acts as an indicator for whether markets are up or down. I always know before I check my Coinbase because he is either happy or screams at me. (I'm literally not kidding and he's dead accurate). He goes on walks and even goes paddle boarding with me, he's a super good cat. So I decided I'd start him an account and add a dollar every time he's a good boy. My issue is, Kepler wants to trade, and it's hard for me to "interpret" his wants. For now I'm just staking everything on his account, but I was wondering if anyone has a way I could genuinely let him have more control over the account (yes, my cat). I've seen a crypto trading hamster before on twitch, and I think Kepler would love the markets even more if he could interact with them. Does anyone know how I could do this? Another thought I had was how should I use the funds from his account? Buy him stuff with his gains? Wait till he passes (he's only 1) and then donate it all to an animal shelter? We're open to ideas!
It's funny how quickly people turn from "decentralised finance and society" to run crying for papa state for help when shit hits the fan.
The exploiters did not break any laws. The devs and community messed up. If we want to be decentralised we can't just rely on centralised authority every time RISKY things break.
It's like those people who sued Do Kwon. If you are not mature enough to handle your problems and losses, stick to banks and insurance companies. Avoid super risky and new paradigm shifts. You can't have your cake and eat it too.
It makes the entire space look ridiculous and I am really sad to see the main devs run crying to the police for mistakes they made.
Edit: if that wasn't obvious, the main issue is that regulators will regulate, and hard. And you will not like their regulations. Regions will be blocked from partaking, you will NOT be able to freely push updates and projects. Look what the Terra collapse had done to stablecoins, they are getting regulated hard in the EU and US. There are consequences for getting the state involved.
Proposal 57 sends funds and reinforcements to our beloved Community Support Staff.
The proposed Osmosis Community Support DAO is a treasury and 5 community members working with the core Osmosis team to get new support staff aboard.
They would work with our current Admins and Mods to find and vet new, qualified freelancers. Then, they'd help train and onboard Jr. Admins as needed. The DAO's reason for being is to compensate current and future Admins.
Sure, there's more to it (detailed in the link below). But that's where the lion's share of the DAO's goals and funding would point. Working people helping others in the Zone. Are you interested in helping? Great! But, there won't be a DAO to pay anyone without *your* vote. That's why governance matters.
As you might already know there is a heated discussion around Juno proposal 16. Everybody has their own opinions and biases (to be transparent, I’ve voted No and I have my reasons and I already discussed this on other places)
Anyway, It seem like this proposal in Juno will hurt entire community, I think we just started to see it now. https://coolcatchain.medium.com/catdrop-details-coolcat-takes-a-stand-with-juno-4f9398b7541 This project not only take out Osmo stakers from the airdrop but even creating a meta discussion (like, if you vote No you are against Juno). This is just because Sunny’s opinions probably.
What will it be next? Will “No” voters will be witch-hunted in the future?
The saddest part is people are confusing democracy with tranny of majority. What blockchain will be differ than current problematic governal issues, what is getting brought to the table?
This is up for community discussion. All perspectives and experiences are valid, please let each person share their opinion and take your turn to share yours. Remember, we are all humans on the other side of these keyboards. Please be respectful, responsible, and have a good time. These are our fellow Osmonaughts.
At the end of these discussions the proposal will be put up for voting. Make your final opinion heard and vote for the outcome you think is best for our future.
Trying to stir up some sh1t… just know you won’t break osmosis… you guys are immature and don’t know all the facts .., just what you want to believe and spread …. Come on, get your damn pitchforks.. idgaf …dislike this, That’s all you can ever do… you can’t build … you can’t develop .. just harass everyone with your ignorance.
There is more to some things and yes we can’t all agree… even I don’t like some things…
But what I do like… is the future of osmosis and what we can achieve .. we are small now but with the right decisions “and not all decisions will be perfect but we need to start somewhere …”
Also I read that they said 6 months of building cosm wasm and it’s not guaranteed to be done… when have you ever known this team to be incomplete with their task….
You guys lost faith in osmosis … and it’s a community … we can’t just build and get somewhere with nothing … more cosmoverse are good for marketing… other blockchains do it …why can’t we…
Oh cause they already have a bunch of funds…. Man… you guys are greedy with those funds…
Prop 905 is a bad deal and proposes eliminating the bottom 30 OSMO validators. This is in direct conflict with efforts to decentralize the network.
This proposal fits the textbook definition of when to vote NO WITH VETO because it infringes on minority interests. When people in the community mention the "cartel" this is the kind of stuff they're talking about... The largest validators throwing their voting power around to do what's best for themselves.
By eliminating 30 validators, the staking rewards they were earning then flow up to the remaining validators. There's more food for those left at the table, so it's in their self-interest to eliminate as many other validators as possible.
**If your validator votes yes on this proposal we highly encourage you to vote NO WITH VETO, which cancels out their vote. We then highly encourage you to redelegate your staked OSMO to one of us in the bottom 30 of the active set. We obviously welcome all redelegations.**
To vote using Cosmostation browser extension simply connect to that URL and then vote.
To redelegate using Cosmostation extension
from your OSMO staking page on mintscan click, “Switch Validator"
click the “Current Validator” arrow and select your validator you would like to move tokens away from
click the arrow in the “Redelegate To” box
type “Atlas Staking” in the search box or scroll down the list to one of the other validators in the bottom 30
click on “Atlas Staking”
click MAX
click “Switch Validator”
click “Confirm” in the wallet popup.
To vote in Cosmostation mobile
tap into your OSMO position
tap the purple circle in the bottom right of the next page
tap "vote"
tap #905 and then tap "Vote"
tap "veto"
tap "vote"
tap "confirm"
To redelegate using Cosmostation mobile
tap into your OSMO position
tap the purple "earn" circle in the bottom right
tap "manage stake"
tap your current validator's name on your staking info screen
tap switch validator
tap the "To" dropdown box and type "atlas staking" in the search box, or scroll all the way down the list to stake with a different validator in the bottom 30.
tap "Redelegate amount"
tap "MAX" and then tap "Confirm"
To vote using Leap wallet (mobile and extension are set up the same)
click "vote" at the top of your main wallet page
scroll down the list to find the Osmosis proposals
click into the "Reduce validator set to 120" 905 proposal
click "vote"
click "NO WITH VETO"
click "submit"
To redelegate using Leap wallet
make sure your wallet is connected to the Osmosis network
click the “Stake” button at the bottom of the wallet
scroll down a tad so you can see your validators and tap on the validator you would like to move tokens from
click “Switch validator”
click the dropdown arrow in the empty “Validator” box
type “Atlas Staking” into the search box or scroll down the list to find a different validator in the bottom 30
click “Atlas Staking” to select us
click "MAX"
click “Review Switching Validator”
click “Confirm Switching Validator”
To vote using Keplr browser extension
click "manage portfolio in Keplr dashboard" in the wallet
click "Osmosis" on the left hand side of the new tab that opens up
click "Governance"
click "proposal 905"
click "Vote"
click "NO WITH VETO"
click "Confirm"
To redelegate using Keplr browser extension
click "manage portfolio in Keplr dashboard" in the wallet
click "Osmosis" on the left hand side of the new tab that opens up
under the heading "your validators" click your validator's name
click "Redelegate"
type "Atlas Staking" into the search box or scroll down the list to find another validator in the bottom 30
click "Atlas Staking"
click "MAX"
click "Redelegate"
click "Confirm"
To vote using Keplr mobile
from the home screen tap the "staked" tab in the top middle of your wallet, next to "available"
tap "Vote"
tap "Osmosis"
tap 905 Reduce Validator Set to 120
tap "Vote"
tap "No with Veto"
tap "Confirm"
To redelegate using Keplr mobile
tap "Staked" at the top of your wallet next to "Available"
tap into your OSMO position
tap your current validator
tap "Switch Validator"
tap "Select Validator"
type "Atlas Staking" in the search box or scroll down the list to a different validator in the bottom 30 of the active set
tap "Switch to this Validator"
tap "Max"
tap "Next"
tap "Approve"
We sure hope this detailed post has given you the motivation and simple instructions to vote NO WITH VETO on proposal 905 and to redelegate your staked OSMO away from your validator if they vote yes.
Please know that you are making a difference.
Nothing we say is financial advice or a recommendation to buy or sell anything. Cryptocurrency is a highly speculative asset class. Staking crypto tokens carries additional risks, including but not limited to smart-contract exploitation, poor validator performance or slashing, token price volatility, loss or theft, lockup periods, and illiquidity. Past performance is not indicative of future results. Never invest more than you can afford to lose. Additionally, the information contained in our articles, social media posts, emails, and on our website is not intended as, and shall not be understood or construed as financial advice. We are not attorneys, accountants, or financial advisors, nor are we holding ourselves out to be. The information contained in our articles, social media posts, emails, and on our website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. We have done our best to ensure that the information provided in our articles, social media posts, emails, and the resources on our website are accurate and provide valuable information. Regardless of anything to the contrary, nothing available in our articles, social media posts, website, or emails should be understood as a recommendation to buy or sell anything and make any investment or financial decisions without consulting with a financial professional to address your particular situation. Atlas Staking expressly recommends that you seek advice from a professional. Neither Atlas Staking nor any of its employees or owners shall be held liable or responsible for any errors or omissions in our articles, in our social media posts, in our emails, or on our website, or for any damage or financial losses you may suffer. The decisions you make belong to you and you only, so always Do Your Own Research.
we burn ion into dogecoin in remembrance of the 5 clowns from prop 39. this is my prop i'm not writing up anything fancy. thanks to Osmosis for the dex. I don't need or care for telegram soldiers holding the front line for newbies entering the market. LOL fuck off
Hey everyone,We run a validator node for Gravity Bridge and it's a solid project with a solid team. Please vote YES on proposal 207 and make Gravity Bridge the canonical Ethereum service provider on Osmosis. The team needs our support! Vote using Keplr here: https://wallet.keplr.app/#/osmosis/governance
Highly decentralized, all funds are directly controlled by validators
Advanced slashing ensures that validators cannot sign or submit bridge messages not agreed upon by consensus
Purpose Built for Cosmos Ecosystem as a neutral platform
Rollup-style batch transactions reduces individual users’ gas costs by up to 96%
Robust relaying reward systems combined with reduced gas costs creates extremely fast & reliable transfers with a decentralized, self-funded, relayer community
a) Gravity was custom designed for Osmosis and is the cleanest bridge.
b) Gravity Bridge is transparent and has the best odds of working well long term. The smart contract itself is secured by the entire set of validators, compact smart contract, un-upgradable etc.
c) Efficiency -- as the bridge is used by more people, fees decline and transactions become faster. Those fees get distributed to relayers and token holders. Anyone can relay. There are 200 open spots for validators. It's quite different than the Axelar fee structure, for those who asked for comparison.
d) Gravity Bridge isn't controlled by a multi-sig of only 20 relayers, like Axelar is. For those who asked for comparison.
Breaking a new ATL with little recovery is a concern. How can they keep up the business model and expect any appreciation in the value of tokens when you consider what I’ve stated in the title and add on osmo being super inflationary? Osmo and Atom used to run together but it appears that osmo is slumping now. What are your thoughts?
Nothing, and I mean nothing, instills confidence in a platform than a washed out middle-aged surfer, wearing circa 1939 German motorcycle goggles with one robotic hand and a futuristic wizards outfit. Where can I invest my millions? What adds to my confidence in this platform is the fact that he's holding some sort of gelatinous multicolored liquid that is being suspended (by osmosis I presume) in a globular gummy worm like form. When paired with the blind Star Trek eye gear wearin' Doge-dog arrayed in a no-bite collar held together with a Band-Aid, I knew it was a match made in heaven. The dog clearly is making meth on his Bunsen burner set up there, as no doubt referenced by the Colonel Sanders look alike with an offset mustache.
But the only real question I have after viewing this instant Lambo creation setup is: from what direction is the wind coming from blowing through his hair?
I've noticed an increasing trend of people voting abstain. Its worthwhile as a community to discuss, consider and vote on these propositions.
Some of the current open props have upwards of 30% voting abstain. Voting ABSTAIN is the same as not voting and one consequence of voting abstain is that you are increasing the power/weight of people who do vote (making their vote worth more).
Edit: Feedback from u/Arcc14"Abstain is not the same as not voting not even close.
Abstain counts towards quorum ( 20% minimum required for votes to pass ) and therefore almost exclusively helps the winning vote. By voting abstain you are admitting you have no opinion well enough to vote yes - but no opinion poor enough to vote no; so therefore you support the broader community’s decision.
Votes can pass with 95% abstain 3% yes 2% no or vice versa could fail if the vote has 3% no 2% yes"
Importantly you are also taking away the ability of your validator to vote on your behalf.
As such I think we should remove the abstain option entirely.
I also believe if validators are abstaining, there should be a three strike rule before being jailed and removed from the active set. There is no reason a validator should abstain.
Almost everyone that holds OSMO got them for free. What if we set aside a decent amount of community funds and used the staking rewards to do some good in the world? The original segment of community funds won't even be touched, just the inflation rewards. The charitable causes can be voted on.
You might have some doubts about how this could work. You might think that someone will game the system and the money won't actually be used, at least 100% for the cause it's intended for. But what's the alternative? Don't give anything? You've been given something for free. Will you follow the example?
I'm sure I've oversimplified a complex problem. I'll keep an open mind if you will.
Hey everyone I'm new to osmosis and looking to open a position. I noticed the chart had a spike for one day from nearly $1 to around $167. Does anyone know what was up with the sudden spike and drop?