Reallocate Incentives Removed From Terra Pools To Community Pool
passed
Expected result
Passed
Turnout / Quorum
34.72% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.05.16 at 18:21:10
Voting end 2022.05.21 at 18:21:10
Vote distribution
96.79%
69 661 145 osmo
Yes
0.28%
202 648 osmo
No
0.01%
6 475 osmo
Veto
2.92%
2 099 278 osmo
Abstain
Details
Proposer
-
Total deposit
500 osmo
Submit time
2022.05.16 at 18:16:52
Deposit end time
2022.05.30 at 18:16:52
Description
- Voting YES for this proposal indicates agreement for allocating the majority of the OSMO incentives that were removed from Terra pools in prop 227 to the Community Pool.\n\n * Voting NO for this proposal indicates that another plan should be formed for the distribution of the removed OSMO incentives.\n\n This proposal suggests temporarily directing the majority of the incentives removed from Terra pools in proposal 227 to the Osmosis Community Pool.\n Note that this does not include the initial batch of incentives shifted from Terra pools towards ETH, USDC, and DAI pools in proposal 225 but rather the remaining Terra pool incentives described in proposal 227.\n While these incentives could be used to incentivize further liquidity depth in existing pools, as bearish sentiment around the crypto markets sets in, it is becoming increasingly important to keep the Community Pool well-capitalized to fund community initiatives such as the grants program, protocol owned liquidity and strategic incentives.\n Apart from an overlap period caused by Proposal 227 completing two days before this proposal, the APRs of existing non-Terra pools should not be impacted by this reallocation. The inflationary emissions to the community pool will be returned to normal incentives by the first thirdening (June 19th 2022), which will also ease the step change felt by liquidity providers.\n\nCommonwealth Thread: https://gov.osmosis.zone/discussion/4903-reallocate-incentives-removed-from-terra-pools-to-community-pool
Votes
Voter
Answer