Enable Superfluid Staking on OSMO/UST and OSMO/LUNA
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By voting YES on this proposal, OSMO stakers voice their support in enabling Superfluid Staking on OSMO/UST (#560) and OSMO/LUNA (#561) pools on Osmosis. \n\n By voting NO on this proposal, OSMO stakers voice their dissent in enabling Superfluid Staking on OSMO/UST (#560) and OSMO/LUNA (#561) pools on Osmosis. \n\n Details \n This proposal would enable Superfluid Staking in the two major Terra OSMO pools. These pools currently are the second and third largest OSMO pools on Osmosis by Total Value Locked.\n At the current 50% discount rate, this allows a further ~11 million OSMO from these pools to be used to secure the network through staking, in addition to the ~15 million OSMO from the initial OSMO/ATOM pool.\n\n UST is a stablecoin that tracks the price of the US Dollar. Users mint new UST by burning LUNA. \n\n LUNA is the Terra protocol’s native staking token that absorbs the price volatility of Terra Stablecoins. LUNA is used for governance and in mining. Users stake LUNA to validators who record and verify transactions on the blockchain in exchange for rewards from transaction fees. The more Terra is used, the more LUNA is worth. \n\n Commonwealth Post: https://gov.osmosis.zone/discussion/3997-enable-superfluid-staking-on-osmoust-and-osmoluna
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