Distribute LP rewards for epoch that ended at 2021-06-23 (Revised)

TL;DR: We propose to distribute LP rewards for the epoch that ended at 2021-06-23 17:00 UTC to those that were bonded just before 2021-06-23 17:00 UTC.

Proposal: This proposal seeks to equitably reward early liquidity providers ("ELPs") who failed to receive the liquidity mining rewards that were communicated by the Osmosis Team. Proposal #2 for initiation of liquidity mining incentives for bonded liquidity providers passed on 2021-06-23 16:52 UTC. Prior to Proposal #2 passing, the Osmosis Team issued the following message: "Note that users can begin bonding their LP tokens even though liquidity incentives haven’t been enabled yet, and their first LP reward will be distributed at 2021-06-23 17:00 UTC." Discord link: https://discord.com/channels/798583171548840026/842477665860583434/856777198442774569 Skylink: https://skygallery.hns.skyportal.xyz/#/a/AABDv3g-2RYw1FbuF8BDn2yKyjS_5jMOrSVkS-KdWTQfoQ

Based upon that and other messages, the community (including the Osmosis Team) believed that ELPs would receive their portion of the newly initiated liquidity mining rewards at the close of that epoch. ELPs assumed significant risk by providing liquidity and bonding their tokens at a time when overall liquidity on Osmosis was a small fraction of what it is today. Unfortunately, ELPs received no rewards for their service. The Osmosis Team acknowledges this miscommunication and recommended that the community submit a governance proposal to distribute the rewards from the community pool to ELPs. ELPs experienced substantial impermanent loss, price slippage, and lost opportunity cost of capital. ELPs rightfully expected liquidity rewards for these risks by providing the earliest and most important liquidity on the platform, especially considering the miscommunication from the Osmosis Team. Instead, ELPs performed worse than those who retained liquid capital and bonded later when there was less risk, less slippage and more volume (at the expense of ELPs). This result is inequitable and contrary to the ethos of Osmosis.

Should this proposal pass, the liquidity rewards will be distributed to applicable recipients from the community pool after a future software upgrade performed by the Osmosis Team. We thank you for your consideration.

Note: This proposal is a revision of proposal #11, which proposed to distribute 20% of the rewards to current LPs. Following discussions with community members (particularly on Discord), a strong opinion was that a 20% concession would set a bad precedent. The issue is that, regardless of what the intention is, rewarding other LPs in this context is essentially vote buying. We strongly believe that proposals for community spending should be free of bribes.