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KAVA $0.06827 up 0.70% Market cap $73.9M

Adds Tether USDt to Mint

Proposal #152 on Kava

Overview

Updated

Passed

Voting ended
Aug 2, 2023
Opened Jul 26, 2023
Submitted
Jul 26, 2023
Jul 26, 17:36 UTC
Deposit
1,000 KAVA
Type
Parameter change and 1 more

Votes

  • Yes 32.3M KAVA
  • No 303K KAVA
  • No with veto 0.2 KAVA
  • Abstain 23.9M KAVA

Description

Adds Tether USDt to Mint

Description

This proposal adds Tether USDt to the Mint protocol, EIP712 signing for CDP messages, and adjusts BUSD Mint parameters.

Vote Yes

By voting yes, you agree to the addition of Tether USDt into Mint, EIP712 signing for CDP messages, and BUSD Mint parameter adjustments.

Vote No

By voting no, you disagree with the addition of Tether USDt into Mint, EIP712 signing for CDP messages, and BUSD Mint parameter adjustments.

What it does

The messages 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": "Adds Tether USDt to Mint",
            "changes": [
                {
                    "key": "CollateralParams",
                    "value": "[{\"denom\":\"bnb\",\"type\":\"bnb-a\",\"liquidation_ratio\":\"1.500000000000000000\",\"debt_limit\":{\"denom\":\"usdx\",\"amount\":\"5000000… (4,270 characters)",
                    "subspace": "cdp"
                }
            ],
            "description": "# Adds Tether USDt to Mint\n\n## Description\nThis proposal adds Tether USDt to the Mint protocol, EIP712 signing for CDP messages, and adjusts BUSD Mint parameters.\n\n## Vote Yes\nBy voting yes, you agree to the addition of Tether USDt into Mint, EIP712 signing for CDP messages, and BUSD Mint parameter adjustments.\n\n## Vote No\nBy voting no, you disagree with the addition of Tether USDt into Mint, EIP712 signing for CDP messages, and BUSD Mint parameter adjustments."
        },
        "authority": "kava10d07y265gmmuvt4z0w9aw880jnsr700jxh8cq5"
    }
  2. Evm parameters ethermint.evm.v1
    {
        "@type": "/ethermint.evm.v1.MsgUpdateParams",
        "params": {
            "evm_denom": "akava",
            "extra_eips": [],
            "enable_call": true,
            "chain_config": {
                "eip150_hash": "0x0000000000000000000000000000000000000000000000000000000000000000",
                "berlin_block": "0",
                "cancun_block": null,
                "eip150_block": "0",
                "eip155_block": "0",
                "eip158_block": "0",
                "london_block": null,
                "dao_fork_block": "0",
                "istanbul_block": "0",
                "shanghai_block": null,
                "byzantium_block": "0",
                "homestead_block": "0",
                "dao_fork_support": true,
                "petersburg_block": "0",
                "gray_glacier_block": null,
                "muir_glacier_block": "0",
                "arrow_glacier_block": null,
                "constantinople_block": "0",
                "merge_netsplit_block": null
            },
            "enable_create": true,
            "eip712_allowed_msgs": [
                {
                    "value_types": [
                        {
                            "name": "initiator",
                            "type": "string"
                        },
                        {
                            "name": "receiver",
                            "type": "string"
                        },
                        {
                            "name": "kava_erc20_address",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "string"
                        }
                    ],
                    "msg_type_url": "/kava.evmutil.v1beta1.MsgConvertERC20ToCoin",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueEVMConvertERC20ToCoin"
                },
                {
                    "value_types": [
                        {
                            "name": "initiator",
                            "type": "string"
                        },
                        {
                            "name": "receiver",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.evmutil.v1beta1.MsgConvertCoinToERC20",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueEVMConvertCoinToERC20"
                },
                {
                    "value_types": [
                        {
                            "name": "depositor",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        },
                        {
                            "name": "strategy",
                            "type": "int32"
                        }
                    ],
                    "msg_type_url": "/kava.earn.v1beta1.MsgDeposit",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueEarnDeposit"
                },
                {
                    "value_types": [
                        {
                            "name": "from",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        },
                        {
                            "name": "strategy",
                            "type": "int32"
                        }
                    ],
                    "msg_type_url": "/kava.earn.v1beta1.MsgWithdraw",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueEarnWithdraw"
                },
                {
                    "value_types": [
                        {
                            "name": "delegator_address",
                            "type": "string"
                        },
                        {
                            "name": "validator_address",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/cosmos.staking.v1beta1.MsgDelegate",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueStakingDelegate"
                },
                {
                    "value_types": [
                        {
                            "name": "delegator_address",
                            "type": "string"
                        },
                        {
                            "name": "validator_address",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/cosmos.staking.v1beta1.MsgUndelegate",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueStakingUndelegate"
                },
                {
                    "value_types": [
                        {
                            "name": "delegator_address",
                            "type": "string"
                        },
                        {
                            "name": "validator_src_address",
                            "type": "string"
                        },
                        {
                            "name": "validator_dst_address",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/cosmos.staking.v1beta1.MsgBeginRedelegate",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueStakingBeginRedelegate"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "multiplier_name",
                            "type": "string"
                        }
                    ],
                    "msg_type_url": "/kava.incentive.v1beta1.MsgClaimUSDXMintingReward",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueIncentiveClaimUSDXMintingReward"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "denoms_to_claim",
                            "type": "IncentiveSelection[]"
                        }
                    ],
                    "msg_type_url": "/kava.incentive.v1beta1.MsgClaimHardReward",
                    "nested_types": [
                        {
                            "name": "IncentiveSelection",
                            "attrs": [
                                {
                                    "name": "denom",
                                    "type": "string"
                                },
                                {
                                    "name": "multiplier_name",
                                    "type": "string"
                                }
                            ]
                        }
                    ],
                    "msg_value_type_name": "MsgValueIncentiveClaimHardReward"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "denoms_to_claim",
                            "type": "IncentiveSelection[]"
                        }
                    ],
                    "msg_type_url": "/kava.incentive.v1beta1.MsgClaimDelegatorReward",
                    "nested_types": [
                        {
                            "name": "IncentiveSelection",
                            "attrs": [
                                {
                                    "name": "denom",
                                    "type": "string"
                                },
                                {
                                    "name": "multiplier_name",
                                    "type": "string"
                                }
                            ]
                        }
                    ],
                    "msg_value_type_name": "MsgValueIncentiveClaimDelegatorReward"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "denoms_to_claim",
                            "type": "IncentiveSelection[]"
                        }
                    ],
                    "msg_type_url": "/kava.incentive.v1beta1.MsgClaimSwapReward",
                    "nested_types": [
                        {
                            "name": "IncentiveSelection",
                            "attrs": [
                                {
                                    "name": "denom",
                                    "type": "string"
                                },
                                {
                                    "name": "multiplier_name",
                                    "type": "string"
                                }
                            ]
                        }
                    ],
                    "msg_value_type_name": "MsgValueIncentiveClaimSwapReward"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "denoms_to_claim",
                            "type": "IncentiveSelection[]"
                        }
                    ],
                    "msg_type_url": "/kava.incentive.v1beta1.MsgClaimSavingsReward",
                    "nested_types": [
                        {
                            "name": "IncentiveSelection",
                            "attrs": [
                                {
                                    "name": "denom",
                                    "type": "string"
                                },
                                {
                                    "name": "multiplier_name",
                                    "type": "string"
                                }
                            ]
                        }
                    ],
                    "msg_value_type_name": "MsgValueIncentiveClaimSavingsReward"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "denoms_to_claim",
                            "type": "IncentiveSelection[]"
                        }
                    ],
                    "msg_type_url": "/kava.incentive.v1beta1.MsgClaimEarnReward",
                    "nested_types": [
                        {
                            "name": "IncentiveSelection",
                            "attrs": [
                                {
                                    "name": "denom",
                                    "type": "string"
                                },
                                {
                                    "name": "multiplier_name",
                                    "type": "string"
                                }
                            ]
                        }
                    ],
                    "msg_value_type_name": "MsgValueIncentiveClaimEarnReward"
                },
                {
                    "value_types": [
                        {
                            "name": "depositor",
                            "type": "string"
                        },
                        {
                            "name": "validator",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.router.v1beta1.MsgMintDeposit",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueRouterMintDeposit"
                },
                {
                    "value_types": [
                        {
                            "name": "depositor",
                            "type": "string"
                        },
                        {
                            "name": "validator",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.router.v1beta1.MsgDelegateMintDeposit",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueRouterDelegateMintDeposit"
                },
                {
                    "value_types": [
                        {
                            "name": "from",
                            "type": "string"
                        },
                        {
                            "name": "validator",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.router.v1beta1.MsgWithdrawBurn",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueRouterWithdrawBurn"
                },
                {
                    "value_types": [
                        {
                            "name": "from",
                            "type": "string"
                        },
                        {
                            "name": "validator",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.router.v1beta1.MsgWithdrawBurnUndelegate",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueRouterWithdrawBurnUndelegate"
                },
                {
                    "value_types": [
                        {
                            "name": "proposal_id",
                            "type": "uint64"
                        },
                        {
                            "name": "voter",
                            "type": "string"
                        },
                        {
                            "name": "option",
                            "type": "int32"
                        }
                    ],
                    "msg_type_url": "/cosmos.gov.v1beta1.MsgVote",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueGovVote"
                },
                {
                    "value_types": [
                        {
                            "name": "from_address",
                            "type": "string"
                        },
                        {
                            "name": "to_address",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin[]"
                        }
                    ],
                    "msg_type_url": "/cosmos.bank.v1beta1.MsgSend",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueBankSend"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "validator",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.liquid.v1beta1.MsgMintDerivative",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueMintDerivative"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "validator",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.liquid.v1beta1.MsgBurnDerivative",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueBurnDerivative"
                },
                {
                    "value_types": [
                        {
                            "name": "depositor",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin[]"
                        }
                    ],
                    "msg_type_url": "/kava.hard.v1beta1.MsgWithdraw",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueHardWithdraw"
                },
                {
                    "value_types": [
                        {
                            "name": "depositor",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin[]"
                        }
                    ],
                    "msg_type_url": "/kava.hard.v1beta1.MsgDeposit",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueHardDeposit"
                },
                {
                    "value_types": [
                        {
                            "name": "initiator",
                            "type": "string"
                        },
                        {
                            "name": "receiver",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.evmutil.v1beta1.MsgConvertCosmosCoinToERC20",
                    "nested_types": [],
                    "msg_value_type_name": "MsgConvertCosmosCoinToERC20"
                },
                {
                    "value_types": [
                        {
                            "name": "initiator",
                            "type": "string"
                        },
                        {
                            "name": "receiver",
                            "type": "string"
                        },
                        {
                            "name": "amount",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.evmutil.v1beta1.MsgConvertCosmosCoinFromERC20",
                    "nested_types": [],
                    "msg_value_type_name": "MsgConvertCosmosCoinFromERC20"
                },
                {
                    "value_types": [
                        {
                            "name": "delegator_address",
                            "type": "string"
                        },
                        {
                            "name": "validator_address",
                            "type": "string"
                        }
                    ],
                    "msg_type_url": "/cosmos.distribution.v1beta1.MsgWithdrawDelegatorReward",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueWithdrawDelegatorReward"
                },
                {
                    "value_types": [
                        {
                            "name": "source_port",
                            "type": "string"
                        },
                        {
                            "name": "source_channel",
                            "type": "string"
                        },
                        {
                            "name": "token",
                            "type": "Coin"
                        },
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "receiver",
                            "type": "string"
                        },
                        {
                            "name": "timeout_height",
                            "type": "Height"
                        },
                        {
                            "name": "timeout_timestamp",
                            "type": "uint64"
                        },
                        {
                            "name": "memo",
                            "type": "string"
                        }
                    ],
                    "msg_type_url": "/ibc.applications.transfer.v1.MsgTransfer",
                    "nested_types": [
                        {
                            "name": "Height",
                            "attrs": [
                                {
                                    "name": "revision_number",
                                    "type": "uint64"
                                },
                                {
                                    "name": "revision_height",
                                    "type": "uint64"
                                }
                            ]
                        }
                    ],
                    "msg_value_type_name": "MsgValueIBCTransfer"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "collateral",
                            "type": "Coin"
                        },
                        {
                            "name": "principal",
                            "type": "Coin"
                        },
                        {
                            "name": "collateral_type",
                            "type": "string"
                        }
                    ],
                    "msg_type_url": "/kava.cdp.v1beta1.MsgCreateCDP",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueCdpCreateCDP"
                },
                {
                    "value_types": [
                        {
                            "name": "depositor",
                            "type": "string"
                        },
                        {
                            "name": "owner",
                            "type": "string"
                        },
                        {
                            "name": "collateral",
                            "type": "Coin"
                        },
                        {
                            "name": "collateral_type",
                            "type": "string"
                        }
                    ],
                    "msg_type_url": "/kava.cdp.v1beta1.MsgDeposit",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueCdpDeposit"
                },
                {
                    "value_types": [
                        {
                            "name": "depositor",
                            "type": "string"
                        },
                        {
                            "name": "owner",
                            "type": "string"
                        },
                        {
                            "name": "collateral",
                            "type": "Coin"
                        },
                        {
                            "name": "collateral_type",
                            "type": "string"
                        }
                    ],
                    "msg_type_url": "/kava.cdp.v1beta1.MsgWithdraw",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueCdpWithdraw"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "collateral_type",
                            "type": "string"
                        },
                        {
                            "name": "principal",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.cdp.v1beta1.MsgDrawDebt",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueCdpDrawDebt"
                },
                {
                    "value_types": [
                        {
                            "name": "sender",
                            "type": "string"
                        },
                        {
                            "name": "collateral_type",
                            "type": "string"
                        },
                        {
                            "name": "payment",
                            "type": "Coin"
                        }
                    ],
                    "msg_type_url": "/kava.cdp.v1beta1.MsgRepayDebt",
                    "nested_types": [],
                    "msg_value_type_name": "MsgValueCdpRepayDebt"
                }
            ],
            "allow_unprotected_txs": false
        },
        "authority": "kava10d07y265gmmuvt4z0w9aw880jnsr700jxh8cq5"
    }

How validators voted

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

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