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This proposal suggests that we change the community pool's allocation of non-OSMO taker fees
...
To instead be:
45% to stakers (via Osmo purchases)
30% to community pool (in-kind or USDC)
25% to community pool (buying BTC)
Upon code update, make the distribution, 45%, 30%, 25% as listed above, with the BTC buys happening once a day at epoch.
Suggested Design
This should utilize the epoch conversion mechanism that currently converts non-OSMO assets to OSMO before sending to stakers, to instead convert non-OSMO assets to BTC before sending BTC to the community pool.
The minimum would be a parameter such as "asset_accumulation" that is hardcoded to BTC factory/osmo1z6r6qdknhgsc0zeracktgpcxf43j6sekq07nw8sxduc9lg0qjjlqfu25e3/alloyed/allBTC
To future-proof this, it should look for another parameter composed of percentage and denom pairings in case the denom of BTC changes or additional assets are to be added - this could then be a form of automated treasury management for Osmosis.
Background
This issue requests the implementation of Proposal 881 - Osmosis taker fees to acquire more BTC for liquidity provisioning
Suggested Design
This should utilize the epoch conversion mechanism that currently converts non-OSMO assets to OSMO before sending to stakers, to instead convert non-OSMO assets to BTC before sending BTC to the community pool.
The parameters to be added are in the Poolmanager module:
The minimum would be a parameter such as "asset_accumulation" that is hardcoded to BTC
factory/osmo1z6r6qdknhgsc0zeracktgpcxf43j6sekq07nw8sxduc9lg0qjjlqfu25e3/alloyed/allBTC
To future-proof this, it should look for another parameter composed of percentage and denom pairings in case the denom of BTC changes or additional assets are to be added - this could then be a form of automated treasury management for Osmosis.
Something like:
Acceptance Criteria
25% of the non-OSMO assets collected by the community pool are converted into BTC at epoch and sent to the community pool.
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