Proposal #194

Match External Incentives for UMEE/OSMO and ATOM/UMEE

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
37.63% / 20.00%

Voting period

Voting ended100.0%
Voting start 2022.04.07 at 20:19:07
Voting end 2022.04.12 at 20:19:07

Vote distribution

75.18%
58 650 046 osmo
Yes
2.50%
1 951 637 osmo
No
0.03%
19 857 osmo
Veto
22.29%
17 388 072 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2022.04.06 at 20:27:08
Deposit end time
2022.04.20 at 20:27:08

Description

Proposal Details\nMatch external incentives provided by the Umee team for UMEE/OSMO (pool #641) & ATOM/UMEE (pool #643) for 90 epochs.\n\n- By voting YES on this proposal, external UMEE incentives for pools #641 & #643 will be matched with corresponding OSMO rewards.\n- By voting NO on this proposal, external UMEE incentives for pools #641 & #643 will NOT be matched with corresponding OSMO rewards.\n\nContext\nAs established in Umee proposal #12 (https://www.mintscan.io/umee/proposals/12) Umee will be providing 5,000,000 UMEE in external incentives for UMEE/OSMO pools #641 & #643 over the course of 90 epochs starting on April 6th, 2022. This amounted to ~425,000 USD at the time of the proposal (calculated at 0.085 USD per UMEE).\n\nThe UMEE incentives are as follows:\n- UMEE/OSMO (Pool #641): 27,777.78 UMEE per day amounting to ~2,361 USD.\n- ATOM/UMEE (Pool #643): 27,777.78 UMEE per day amounting to ~2,361 USD.\n\nAbout Umee\nUmee is a cross chain DeFi hub that interconnects between blockchains. As a base layer blockchain, applications and money lego primitives can be built on top of Umee to access cross chain leverage and liquidity. We believe that Umee and Osmosis can complement each other to offer a superior DeFi experience for users of the Cosmos ecosystem.\n\nWebsite: https://www.umee.cc/\nTwitter: https://twitter.com/Umee_CrossChain\nDiscord: https://discord.gg/umee

Votes

Voter
Answer