Proposals of #276

Reopen Axelar IBC Channels to Terra

Text Proposal
passed
Expected result
Turnout / Quorum
65.14% / 33.40%
Voting start 2024.12.22 at 13:12:57
Voting end 2024.12.25 at 13:12:57
97.72%
364 514 904 axl
Yes
0.00%
1 606 axl
No
0.00%
1 319 axl
Veto
2.28%
8 489 985 axl
Abstain

Details

logo
Proposer
-
Total deposit
2 000 axl
Submit time
2024.12.22 at 13:12:57
Deposit end time
2024.12.22 at 14:12:57

Description

This proposal seeks to reopen the IBC channels between the Axelar network and the Terra blockchain. Following the exploit on July 30, 2024, which resulted in the loss of Axelar assets on Terra, substantial recovery efforts have been made. Terra has acquired sufficient assets to cover the exploit and is committed to restoring the integrity of the ecosystem. Re-enabling the channels is critical for the functionality of existing protocols and liquidity on Terra, ensuring the ecosystem can thrive.

Votes

Voter
Answer