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DiscussionsProposal Ideas[PROPOSAL] [DRAFT] Create the Cosmos Hub’s Governance-Controlled Interchain Account on NeutronForum ↗

[PROPOSAL] [DRAFT] Create the Cosmos Hub’s Governance-Controlled Interchain Account on Neutron

Proposal Ideas2 posts424 views4 likesLast activity Jun 2024
MA
maximusOP
May 2024 4

[DRAFT Proposal] Create the Cosmos Hub’s Governance-Controlled Interchain Account on Neutron Summary The Cosmos Hub’s most recent upgrade enables the Hub to create Interchain Accounts (ICAs) on remote chains that are controlled directly by the Hub’s governance. This is a proposal for the Hub to create an ICA on Neutron that is controlled by the Hub’s governance. While there are many reasons why the Hub might want this ICA on Neutron, one reason to create the ICA now is to enable the Hub to migrate its three current liquidity sharing deals off of the multisig controlled by AADAO and onto a trustless solution. To be clear, this proposal does not commit the Hub to performing any specific actions with the ICA. Rather the goal is to establish a general purpose ICA to Neutron for a wide variety of future use cases. Reducing reliance on multisigs for remote actions Composability in an app chain world requires the ability to perform remote actions. Today, all remote behavior must be performed via multi-sigs with nominated committees, which have numerous issues: Administrative overhead Recruiting the people necessary to manage the multisig takes time, as does coordinating…

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HU
Hush
Jun 2024

Why would we do this if Permissioned CosmWasm is coming to the Cosmos Hub in the Gia v18 update?

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