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BAND $0.1907 0.94% Market cap $35.3M

BCIP-4: Enable IBC Oracle

Proposal #4 on Band

Band network: Day Nov 3 · Healthy

Typical fee 0.0004 BAND

Overview

Updated

Passed

Voting ended
Oct 15, 2021
Opened Oct 1, 2021
Submitted
Oct 1, 2021
Oct 1, 12:57 UTC
Deposit
1,001 BAND
Type
Parameter change

Votes

  • Yes 73.8M BAND
  • No 0 BAND
  • No with veto 0 BAND
  • Abstain 0 BAND

Description

The proposal enables requesting an oracle data on BandChain via IBC. If this proposal passes, IBC Oracle feature on BandChain will be enabled. This means IBC-compatible chains can request oracle data, and receive the oracle results which are proved to exist on BandChain by the IBC procedure. This will not only increase the usage of BandChain's oracle data, but also provide a secure and decentralized method for other chains to access oracle data.

What it does

The message the chain carries out if it passes, as written in the proposal.

  1. Parameter change cosmos.params.v1beta1 
    {
    "@type": "/cosmos.gov.v1.MsgExecLegacyContent",
    "content": {
        "@type": "/cosmos.params.v1beta1.ParameterChangeProposal",
        "title": "BCIP-4: Enable IBC Oracle",
        "changes": [
            {
                "key": "IBCRequestEnabled",
                "value": "true",
                "subspace": "oracle"
            }
        ],
        "description": "The proposal enables requesting an oracle data on BandChain via IBC. If this proposal passes, IBC Oracle feature on BandChain will be enabled. This means IBC-compatible chains can request oracle data, and receive the oracle results which are proved to exist on BandChain by the IBC  procedure. This will not only increase the usage of BandChain's oracle data, but also provide a secure and decentralized method for other chains to access oracle data.\n\n\t"
    },
    "authority": "band10d07y265gmmuvt4z0w9aw880jnsr700jrdn8wm"
}

How validators voted

A validator's vote counts for its delegators unless they vote themselves. Largest stake first.

Voting ended before BitBasic started recording Band votes on Oct 29, 2026, and the chain deletes votes when voting ends.