WBTC Incentivised pool with Minimum Incentives of 5%
passed
Expected result
Passed
Turnout / Quorum
35.28% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.05.16 at 18:19:06
Voting end 2022.05.21 at 18:19:06
Vote distribution
84.88%
62 075 267 osmo
Yes
0.17%
121 621 osmo
No
0.01%
9 858 osmo
Veto
14.94%
10 928 727 osmo
Abstain
Details
Proposer
-
Total deposit
500 osmo
Submit time
2022.05.16 at 18:14:14
Deposit end time
2022.05.30 at 18:14:14
Description
- By voting YES on this proposal, OSMO stakers voice their support in adding OSMO incentives to OSMO/WBTC (#712)\n\n* By voting NO on this proposal, OSMO stakers voice their dissent in adding OSMO incentives to OSMO/WBTC (#712)\n\n Details\n This is an incentive change proposal to include OSMO/WBTC (#712) into the set of assets that receive OSMO liquidity incentives and allocate 5% of incentives to the pool after next epoch. \n\n After this proposal has passed governance, this pool will be added to the regular incentive program of OSMO and will begin the onboarding process with the minimum incentives level of 5% to encourage onboarding of WBTC liquidity.\n\n This proposal also notes that this WBTC is a wrapped version of Bitcoin on the Ethereum chain, provided by the Canonical Ethereum bridge provider - Axelar. A canonical Bitcoin bridge is yet to be determined. When a Canonical Bitcoin bridge is determined by governance, incentives may be reallocated gradually to transfer Osmosis liquidity of WBTC to that of the Bitcoin provided by this bridge.\n\n About Wrapped Bitcoin (WBTC)\n Wrapped Bitcoin is an ERC20 asset that is minted by a Bitcoin being provided to a trusted merchant as collateral, allowing Bitcoin liquidity to be utilised on the Ethereum network\n Website: https://wbtc.network/\n\nCommonwealth Thread: https://gov.osmosis.zone/discussion/4891-wbtc-incentivised-pool-with-minimum-incentives-of-5
Votes
Voter
Answer