Proposal #127

Increase External Matched Incentives cap to 30%

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
22.11% / 20.00%

Voting period

Voting ended100.0%
Voting start 2022.01.21 at 19:44:58
Voting end 2022.01.24 at 19:44:58

Vote distribution

90.77%
41 610 208 osmo
Yes
6.33%
2 900 414 osmo
No
0.28%
128 041 osmo
Veto
2.63%
1 204 138 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2022.01.21 at 19:27:34
Deposit end time
2022.02.04 at 19:27:34

Description

Proposal 47 (https://www.mintscan.io/osmosis/proposals/47) enabled the matching of External Incentives with the dollar value in Osmo as an incentive for external providers to provide liquidity rewards from their own token reserve.\nWithin Proposal 47, a cap of 20% of the daily inflation intended for liquidity incentives was established to restrict the matching program in the early phases of the Osmosis decentralised exchange.\nThe most recent Semi-Automatic Incentive Adjustment proposal (https://www.mintscan.io/osmosis/proposals/124) used 19.182% of daily Osmo LP incentives to match all current external incentives to a value of ~,017,421 per day.\nWith Proposal 126 for HUAHUA external incentives looking to pass, continued full matching of external incentives is currently projected to require 26.15% of incentives to be used\nTo allow for full matching to continue and to allow capacity for potential further external incentives to be matched I propose that the cap be raised to 30%\nThis proposal is based on discussion here: https://gov.osmosis.zone/discussion/3292-external-incentive-reevaluation and here: https://gov.osmosis.zone/discussion/3439-proposal-increase-external-matched-incentives-cap-to-30 \n\nVoting YES for this proposal indicates that 30% of daily OSMO inflation intended for liquidity incentives may be used to match External Incentives\n\nVoting NO for this proposal indicates that External Incentive matching will be scaled down so that the total matching does not exceed 20% of daily OSMO inflation intended for liquidity incentives.

Votes

Voter
Answer