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    Do incentivized wAssets impact transfer volumes on Axelar?

    Background: Most "wrapped" assets (WETH, WMATIC, WBNB, WAVAX, etc.) arrive on Osmosis via the Axelar bridge. Osmosis governance decides how to incentivize liquidity pools containing these assets. In the past two months we have seen incentives pass for wMATIC, wBNB, and wAVAX. Task: Examine the impact of “bootstrapping” proposals on Axelar bridge volumes and fees paid. Did they sufficiently incentivize users to transfer external assets into Osmosis via Axelar’s bridge, or were the assets deposited into the respective pools already on Osmosis. Analyze the results in aggregate and by asset. Goal: Identify if Axelar should work with Osmosis to incentivize more wrapped assets, in order to increase volume over Satellite and Squid.

    About Axelar

    Axelar delivers secure cross-chain communication for Web3, taking blockchain interoperability beyond permissioned multisigs. Axelar is a universal overlay network that supports general message passing and composability of programs via a proof-of-stake transport layer. Developer tools and APIs make it easy for both protocol and application developers to integrate interoperability. Axelar has raised capital from top-tier investors, including Binance, Coinbase Ventures and Polychain Capital. Partners include major proof-of-stake blockchains, such as Avalanche, Cosmos, Ethereum, Polkadot and Terra. Axelar's co-founders are founding team members of Algorand and award-winning graduates of MIT, where they received notable recognition as part of their graduate studies.

    About Osmosis

    Osmosis is the premier decentralized exchange of the interchain. It is the primary launchpad and liquidity hub for new blockchains connecting to IBC, the Inter-Blockchain Communication protocol. Over 43 chains have connected to Osmosis, with a range of Interchain assets as well as assets from other blockchain ecosystems available on the DEX. Osmosis supports CosmWasm and Interchain Accounts and offers simple APIs and tooling that's giving it a gravitational pull for developers who are rapidly building an Interchain DeFi ecosystem on and around the DEX to offer yield aggregation, lending, and more. Get started today at https://osmosis.zone. Our world-class support team is there to help 24/7 on all the usual social media channels.

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    In this dashboard, we examine wAsset in two time periods before incentivized and in the incentivized time period.

    The volume is checked on a daily basis, the average transactions per day and the average active users and the total volume of wAsset.

    Comparison of these wAsset are compared based on their USD value to make a fair comparison.

    wBNB has been activated as the first wAsset on Axelar, followed by wMATIC and after them wAVAX.