Proposal #113

Match External Incentives for BTSG/OSMO, BTSG/ATOM and BTSG/UST

Exec Legacy Content
passed
Expected result
Rejected
Turnout / Quorum
15.24% / 20.00%

Voting period

Voting ended100.0%
Voting start 2021.12.28 at 19:12:00
Voting end 2021.12.31 at 19:12:00

Vote distribution

92.16%
29 109 395 osmo
Yes
1.90%
599 579 osmo
No
0.01%
1 604 osmo
Veto
5.94%
1 874 982 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2021.12.27 at 14:21:18
Deposit end time
2022.01.10 at 14:21:18

Description

Background As established in Osmosis Proposal 47 (https://www.mintscan.io/osmosis/proposals/47) the matching of external incentives requires a governance vote to add to the incentive model.

Proposal Details Match external incentives provided by the BitSong team for BTSG/OSMO (pool 573), BTSG/ATOM (pool 574) and BTSG/UST (pool 592). External incentives have already begun and will continue for 30 epochs.

By voting YES on this proposal, external BTSG incentives will be matched at ~$22,000 per day, at the current value of $0,44 x BTSG By voting NO on this proposal, external BTSG incentives will NOT be matched at ~$22,000 per day, at the current value of $0,44 x BTSG

Context The BitSong team has provided the second batch of 1,500,000 BTSG across BTSG/OSMO pool 573, BTSG/ATOM pool 574 and BTSG/UST pool 592, amounting to ~$660,000, at the current value of $0,44 x BTSG, over the course of 30 epochs beginning Wednesday, December 29th at 00:00am UTC.

The $BTSG incentives are as follows:

BTSG/OSMO (Pool #573): ~16,666.65btsg per day amounting to ~$7.333,33 at the current value of $0,44 x BTSG BTSG/ATOM (Pool #574): ~16,666.65btsg per day amounting to ~$7.333,33 at the current value of $0,44 x BTSG BTSG/UST (Pool #592): ~16,666.65btsg per day amounting to ~$7.333,33 at the current value of $0,44 x BTSG Therefore, the final ask for the Osmosis incentive match is for ~$22,000 per day.

As passed in Osmosis Proposal 54 https://www.mintscan.io/osmosis/proposals/54, these matched incentives would be in addition to the existing incentives gained from fee subsidies.

Votes

Voter
Answer















Proposal #113: Match External Incentives for BTSG/OSMO, BTSG/ATOM and BTSG/UST - Osmosis (OSMO) Mainnet Explorer