Osmosis has now burned over 100,000,000 $OSMO. The community for @osmosis, @cosmos' leading DEX, yesterday passed a proposal to take 55.5 million $OSMO from the Osmosis community pool and burn it forever. Crucially, the burn (already implemented) means that the Osmosis ecosystem has now burned over 100M token - 100,283,232 to be precise. At time of writing, those tokens would be worth more than $4.5M.

Osmosis burns nearly half its community pool OSMO Today, @osmosis governance passed Prop 1057 with 91.1% voting yes and moved 55.5M $OSMO from the community pool to the burn address. The project puts the burn at about 7% of OSMO supply. The transfer ran on-chain automatically once voting closed, sending the tokens to an address no one can ever spend from. Total OSMO burned now stands at 100,283,232, past the 100M mark the proposal had set out to reach.

Osmosis seizes the attacker’s stash to make Alloyed BTC whole @osmosis has finished the recovery of Alloyed BTC (allBTC). On June 25, an attacker exploited a bug in the @nomicbtc bridge to mint about 40 fake nBTC, and nearly all of it ended up inside allBTC. Real backing fell to about 64%, and the mint went unnoticed for 74 days. Validators froze 22.65 $BTC the attacker still held on Sept 7, while roughly 18 BTC had already moved out through Tornado Cash. After $OSMO stakers approved the plan in a governance vote, BTC from the community pool covered the remaining 17 BTC gap. The v32 upgrade then moved the frozen coins to an Osmosis liquidity fund. With every fake nBTC removed from the alloy, each allBTC is now backed by real Bitcoin again.

Osmosis stops printing new OSMO @osmosis has switched off $OSMO inflation, and today’s daily epoch minted zero new tokens, down from 91,324 a day. Proposal 1053 passed with a 91.1% yes vote. The daily release of developer tokens is also paused, leaving about 51.9M OSMO in place until a separate vote. Staking rewards now come only from protocol revenue, mainly trading fees. Osmosis estimates its current burns remove about 2% of supply a year, so the 955.6M OSMO in existence today should only decrease from here.

Osmantic founder @TheAhmadOsman demos a hack-and-slash game his local agent built end-to-end on the RTX Spark without ever touching the internet: "We have this thing called Portal. It’s our agent. The code name for it was Cairo because I come from Cairo, Egypt. It starts with hello, then, can you make me a hack and slash dungeon crawler style game for Lord of the Rings." "This was built fully locally. Can you imagine that? You can pick up arrows, you can pick up health, you level up." "This was built end-to-end locally. Something like this a year ago wasn’t possible, but now it just works." @OsmanticAI

#TurkeyWatch🇹🇷#: Osman Kavala was accused of helping organize the 2013 Gezi Park protests against Erdoğan’s government. Despite the European Court of Human Rights ordering his release THREE times, Kavala has been behind bars since 2017. ERDOĞAN = NO OPPOSITION = NO PROBLEM.