Match PSTAKE External Incentives for Pools #648

Proposal Details Match external incentives provided by the PSTAKE team for PSTAKE/OSMO (pool #648), the external incentives will continue for 90 epochs for 14 days bonding period.

• By voting YES on this proposal, external PSTAKE incentives will be matched at ~$2,222 per day
• By voting NO on this proposal, external PSTAKE incentives will NOT be matched at ~$2,222 per day

Context The PSTAKE team has allocated 500,000 PSTAKE across PSTAKE/OSMO pool 648 that amounts to ~$200,000 over the course of 90 epochs (Started on 07-05-2022) The PSTAKE incentives are as follows:

• PSTAKE/OSMO (Pool #648): ~5555 PSTAKE per day amounting to ~$2,222. Therefore, the final ask for the Osmosis incentive match is for ~$2,222 per day.

About pSTAKE pSTAKE, developed by Persistence, is a liquid staking solution that unlocks the potential of staked PoS assets (e.g. ATOM). PoS token holders can deposit their tokens on the pSTAKE application to mint 1:1 pegged staked representative tokens, which are represented as stkTOKENs (e.g. stkATOM) that can be leveraged to earn staking rewards as well as additional yields.