Reallocate half of the Incentives on OSMO/LUNA (#561) to OSMO/ETH (#704) & approve the pool for Osmosis incentives

Osmosis is the Interchain DEX, which necessitates the purpose of having strong liquidity for many of the top market cap coins./n In order to improve ecosystem economics, we propose an acceleration of the process to diversify the Osmosis liquidity to more stablecoins and major assets outside of just the Cosmos ecosystem./n Recent events have shown a need for further accelerating the timelines for the already existing plans) of getting incentives that precede liquidity for such assets./n The OSMO/LUNA (#561) pool currently has very high swap fee APRs due to the higher levels of volume caused by arbitrage between these pools during the recent depeg event. In addition to this, due to the sudden drop in TVL caused by market performance of LUNA, the fee subsidy provided by Osmosis is much higher than on other pools. This will decrease over the next several weeks as restrained by the scaling cap setting, until then will be a large overspend on Osmosis incentives./n We propose taking this opportunity to shift a portion of the incentives from the LUNA/OSMO pair to an ETH/OSMO pair. ETH is currently the second biggest asset by market cap in crypto, and is now bridgeable to Osmosis via the Axelar bridge. Building liquidity with it is important for the long term strategic roadmap of Osmosis./n This proposal requests that 50% of the current incentives going towards the LUNA/OSMO pool be redirected towards the ETH/OSMO pool./n To prevent this change from reverting at the next semi-automatic incentives proposal, a temporary cap will be put in place of a maximum of 4.91% of Osmosis incentives to be allocated to OSMO/LUNA (#561), and a temporary minimum of 4.91% of Osmosis incentives to be allocated to OSMO/ETH (#704). The temporary minimum should last until the May 23rd incentive adjustment (exclusive)./n/n * By voting YES on this proposal, OSMO stakers voice their support for reallocating 50% of incentives on OSMO/LUNA (#561) to the OSMO/ETH (#704) pool./n/n * By voting NO on this proposal, OSMO stakers voice their dissent for reallocating 50% incentives on OSMO/LUNA (#561) to the OSMO/ETH (#704) pool./n/n Commonwealth Thread: https://gov.osmosis.zone/discussion/4867-proposals-for-shifting-a-portion-of-liquidity-incentives-from-ust-and-luna-towards-usdc-dai-and-eth