Proposal #188

Remove incentives from all xki pools

Exec Legacy Content
rejected
Expected result
Rejected
Turnout / Quorum
46.13% / 20.00%

Voting period

Voting ended100.0%
Voting start 2022.04.03 at 12:24:36
Voting end 2022.04.08 at 12:24:36

Vote distribution

19.72%
18 859 367 osmo
Yes
60.56%
57 915 383 osmo
No
2.68%
2 565 167 osmo
Veto
17.04%
16 297 024 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2022.04.03 at 12:24:36
Deposit end time
2022.04.17 at 12:24:36

Description

xki has some kind of system or user that trades once per minute or so, at fixed intervals, using the same amount of dollar denominated value. The motive for this is likely the reality that osmosis currently incentivizes pools based on trading volume. The automated system or tireless human is responsible for nearly all xki trading.

This activity has been entirely clear, and unless it suddenly stops, can be seen here:

https://info.osmosis.zone/token/XKI

XKI is being wash traded from at least two addresses, at a rate of around $1000 per minute:

https://www.mintscan.io/osmosis/account/osmo1tzut4xfjnnue7pjh54s5x07dkgh3kqwu8llpg3

https://www.mintscan.io/osmosis/account/osmo1c2xdjyysa4rrlk865nm5dm3rfjw4dcdlxd756g

As of the time of this gov prop this activity was occurring in real time, and if the activity were to cease, it is able to be viewed historically as well at those addresses and in the histories of the affected pools.

Vote YES on this proposal if you support that osmosis stop incentivizing XKI as soon as possible, reducing incentives funded by osmo inflation on XKI pools to zero.

Vote NO on this proposal if you would like for osmosis inflation to continue to be used to incentivize XKI liquidity providers.

Vote NOWITHVETO on this proposal if you'd like Notional to experience a 500 osmo financial penalty for making this proposal.

Vote ABSTAIN on this proposal for comfortable neutrality.

Votes

Voter
Answer















Proposal #188: Remove incentives from all xki pools - Osmosis (OSMO) Mainnet Explorer