On March 11th, Osmosis released a major governance proposal for the Cosmos ecosystem, proposing to directly integrate Osmosis into the Cosmos Hub, and simultaneously migrate the Osmosis DEX natively to the Hub, thereby unifying liquidity, governance, and security on a single chain. Except for OSMO not deployed in the Osmosis community pool, all circulating OSMO will be eligible for conversion to ATOM within a specified six-month window. The proposed conversion rate is 0.0355 ATOM to 1.998 OSMO.
The Cosmos Hub community pool currently holds approximately 10.11 million ATOM, with an additional approximately 1.75 million ATOM remaining open, representing about 0.35% of the total supply, equivalent to less than two weeks' worth of pledged emissions. This proposal will not introduce any ongoing emissions or structural inflation changes. The conversion window will remain open for six months. Any unclaimed ATOM at the end will be returned to the Cosmos Hub community pool.
