Osmosis to Close v32 Vote on October 27th
Osmosis will close voting on the v32 proposal at 09:02 UTC on October 27th. The proposal would use 22.65 frozen allBTC to restore Alloyed BTC backing, swap roughly $50,000 of ProtoRev assets into OSMO for burning and apply stability fixes.Refer to the official tweet by OSMO:Osmosis v32 is up for vote.22.65 allBTC frozen on the exploiter's account goes to the Liquidity SubDAO to restore Alloyed BTC's backing, as Prop 1044 approved.~$50K of tokens stuck in ProtoRev (mostly TIA, AKT, ETH) gets swapped to OSMO and burned.Plus network stability… OSMO InfoOsmosis is a decentralized exchange (DEX) that operates on the Cosmos network. Osmosis utilizes Inter-Blockchain Communication (IBC) technology, which enables cross-chain asset transfers. This allows users to transfer assets between different blockchains within the Cosmos ecosystem without leaving a single platform.One of the key features of Osmosis is its use of an Automated Market Maker (AMM) model, which allows users to provide liquidity to pools and earn fees. Users can also stake their tokens and receive rewards.The OSMO token is a governance token that grants staked token holders the power to shape the future of the protocol. It allows them to make decisions on various aspects, such as voting on protocol upgrades, determining the allocation of liquidity mining rewards for bonded liquidity gauges, and setting the base network swap fee.