@sunnya97 First of all I have to say that I know you since back in 2017/18 and I was always impressed by your knowledge. But as a Cosmos Hub validator I have to be critical and think about the best interests for the Cosmos hub
The first question is, the projected maintenance costs mentioned are estimated after the migration to the Cosmos hub or in 2025? Because if it is in 2025 as others have said wouldn’t make sense that you are trying to sell a very profitable company. Please clarify whether this cost estimation refers to 2025 or after the migration to the Cosmos hub and a much more detailed breakdown of these costs is needed
Currently, there is not enough liquidity to exit around $20-30 million in OSMO with minimum price slippage. Certainly, using the ATOM in the community pool for this exit at no slippage is of great benefit for Osmosis but I fail to see the benefit for ATOM holders, the validators and the overall community? For the ATOM community the use of Osmosis would be the same currently or in the Cosmos hub so no benefit here. The only benefit would be that net profit you mentioned but we are waiting for more clarity about those maintenance costs mentioned. Moreover, the net profit in a specific year is no guarantee at all of that net profit constant for the long term, it is very possible that the net profit could reduced or even become a loss. Therefore the risk is for the ATOM community, while no risk for the OSMO community since all would exit with zero slippage via the full ATOM community pool. There are already projects and ideas for the community pool that could bring a yield for the Cosmos hub, so emptying the whole community pool for the benefit of the Osmosis community again I don’t see clear benefits for the ATOM community.
As a reference, in October 2023 Stride presented a similar proposal to convert entire STRD supply to ATOM, this thread is the 3rd in the Cosmos hub history by number of replies so very relevant to check this discussion: https://forum.cosmos.network/t/convert-entire-strd-supply-to-atom
StreamSwap in constrast doesn’t have a token, they are a token launchpad so this I see as a benefit for the Cosmos hub to integrate a token launchpad. Some small amount from the community pool could be used to fund the further maintenance and development of this token launchpad