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Osmosis updates Cosmos Hub proposal: cancel the addition of new ATOM minting, replaced with using DEX protocol revenue to buy back on the open market
ME News Report, April 6 (UTC+8), Cosmos ecosystem DEX Osmosis posted on Twitter that it has updated the Cosmos Hub proposal based on validator and community feedback. The biggest change is that no new ATOM will be minted; the required ATOM will be gradually purchased on the open market through Osmosis DEX protocol revenue, for OSMO/ATOM conversions. The total purchase scale remains limited to less than 2.5% of the total ATOM supply. The proposal is currently in the Cosmos Hub governance discussion stage.
Foresight News previously reported that Osmosis announced a major proposal to the Cosmos ecosystem, which will directly introduce Osmosis into the Cosmos Hub. If approved by governance on both chains, Osmosis DEX will be migrated natively to the Hub, thereby unifying liquidity, governance, and security onto a single chain. (Source: Foresight News)