Osmosis, a decentralized exchange protocol in the Cosmos ecosystem, said in a post on X that two proposals would burn about 17.4 million OSMO. The protocol said the amount is equal to 65% of the total OSMO burned so far.
According to Osmosis, the proposals would withdraw liquidity in the community pool that is no longer serving a function and burn the recovered OSMO. The project also shared links to the proposal discussions for community review and debate.
The update did not include any additional timeline in the brief announcement. The post focused on the proposed burn size, the source of the tokens, and the release of discussion materials for the community.
Osmosis, a decentralized exchange protocol in the Cosmos ecosystem, said in a post on X that two proposals would burn about 17.4 million OSMO, an amount it said equals 65% of all OSMO burned to date.
According to Osmosis, the proposals would withdraw liquidity in the community pool that is no longer functioning and burn the recovered OSMO. The project also released links to the proposal discussions for community reading and discussion.
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