Proposal #172

Enable Superfluid Staking on OSMO/UST and OSMO/LUNA

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
25.72% / 20.00%

Voting period

Voting ended100.0%
Voting start 2022.03.11 at 18:09:36
Voting end 2022.03.14 at 18:09:36

Vote distribution

93.89%
50 073 726 osmo
Yes
0.55%
290 990 osmo
No
0.02%
12 309 osmo
Veto
5.54%
2 953 168 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2022.03.11 at 17:37:15
Deposit end time
2022.03.25 at 17:37:15

Description

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

Votes

Voter
Answer