Osmosis proposals would burn 17.4 million OSMO, 65% of total to date

  • Osmosis proposed withdrawing and burning OSMO from inactive community pools.
  • 17.4 million OSMO equals 65% of the token’s total burned to date.
  • Osmosis published proposal links for community reading and discussion.

Osmosis, a decentralized exchange protocol in the Cosmos ecosystem, has put forward two proposals to withdraw liquidity from community pools that no longer serve an active function and burn the recovered OSMO. The proposals target about 17.4 million OSMO, equivalent to 65% of all OSMO burned to date. Osmosis published links to the proposals for community reading and discussion, according to a post on X reported by PANews on Oct. 2.

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