Osmosis Proposal Aims to Restore Alloyed BTC Collateral Support via Governance

The Osmosis community has proposed restoring collateral support for Alloyed BTC following the Nomic bridge incident, which left allBTC with a collateralization ratio of approximately 63.97%. The plan involves covering the shortfall of roughly 39.84 BTC by intercepting specific USDC.noble liquidity, utilizing community pool funds, and transferring 22.65 allBTC from frozen attacker addresses. Affected nBTC will be marked as impaired and destroyed to restore the integrity of allBTC holdings.