Upload Ojo Oracle Contract Wasm Code
passed
Expected result
—
Turnout / Quorum
64.87% / 33.40%
90.88%
32 352 934 inj
Yes
0.00%
13 inj
No
0.00%
155 inj
Veto
9.12%
3 248 319 inj
Abstain
Details
Proposer
inj1cx44k04dp4rpdlkpd...
Total deposit
500 inj
Submit time
2023.11.08 at 18:11:47
Deposit end time
2023.11.10 at 18:11:47
Description
Upload Ojo Oracle Contract Wasm Code\n\n### Background\n\nThe Ojo Network is a Cosmos SDK based appchain which specializes in aggregating data from decentralized sources on the blockchain in a permissionless manner and relaying that information to other blockchains via cross-chain smart contracts and the Inter-Blockchain Communication Protocol (IBC).\n\n### Summary\n\nThis proposal intends to upload the Ojo Oracle Contract for use by Levana on Injective.\n\nThe Levana team has agreed to use the Ojo Oracle in order to determine the price of assets for their deployment on Injective.\n\n### About Ojo\n\nOjo uses a push-model price oracle contract which broadcasts regular price updates. Ojo is able to support a unique class of assets that are native to DEXes like Osmosis, Crescent, and Kujira\u2019s FIN. As a result, Ojo is the only oracle which provides pricing info on all of Stride\u2019s LSTs and other native tokens to the Cosmos. This also includes our Smart Oracle offering, which provides contextual market data about low-volume assets so that they can engage in DeFi safely.\n\nOjo has already been deployed to these Cosmos L1s: Osmosis, Juno, Comdex, Umee, Secret Network, Stargaze, and Archway.\n\n### About Levana\n\nLevana Perps is a protocol for perpetual swaps, which are leveraged trading contracts. It aims to manage risk and provide benefits to both traders and liquidity providers. Levana\u2019s perpetual swaps protocol offers a reliable and secure platform for traders and liquidity providers. It ensures fair settlement, minimizes risks, and allows for the development of additional financial protocols on top of tokenized positions.\n\n### Contract Information\n\n- Release Version: sdk47-v1.7.0\n- Code Url : https://github.com/ojo-network/contracts/releases/tag/sdk47-v1.7.0\n- Compiler Version : cosmwasm/workspace-optimizer:0.12.7\n- Checksum : 560673bbd71f1bf10326048292313e9c9c0e29cc4f45b2377a4faee1f72c5107\n\n### TL;DR\n\n- Ojo is a Cosmos SDK based appchain which employs a push-model price oracle contract that broadcasts price updates.\n- This proposal is to upload the Ojo Oracle Contract for Levana's use on Injective.\n\nBy voting YES on this proposal, you agree to uploading Ojo's Oracle Wasm Contract as described in this proposal.\n\nBy voting NO on the proposal, you do not support uploading Ojo's Oracle Wasm Contract as described in this proposal.\n\nBy voting NO WITH VETO, you find this proposal to be spam/irrelevant/malicious to governance, and contribute to burning 500 INJ deposit if NoWithVeto votes are greater than \u2153 of the total voting power.\n\nBy voting ABSTAIN, you wish to contribute to quorum while formally declining to vote either for or against the proposal.\n\n### References\n\n- Forum Post\n- Ojo Network docs\n- Ojo GitHub\n- Ojo Whitepaper\n- Ojo Audit\n- Ojo Docs\n
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