Proposal #234

Remove Superfluid Staking from OSMO/UST (#560) and OSMO/LUNA (#561)

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
41.60% / 20.00%

Voting period

Voting ended100.0%
Voting start 2022.05.19 at 18:29:39
Voting end 2022.05.24 at 18:29:39

Vote distribution

99.28%
85 618 474 osmo
Yes
0.08%
65 138 osmo
No
0.01%
9 885 osmo
Veto
0.63%
546 700 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2022.05.19 at 11:52:46
Deposit end time
2022.06.02 at 11:52:46

Description

By voting YES on this proposal, OSMO stakers voice their support in disabling Superfluid Staking on the OSMO/UST (#560) and OSMO/LUNA (#561) pools on Osmosis. \n\n By voting NO on this proposal, OSMO stakers voice their dissent in disabling Superfluid Staking on the OSMO/UST (#560) and OSMO/LUNA (#561) pools on Osmosis. \n\n Details\n This proposal would disable Superfluid Staking in the OSMO/UST (#560) and OSMO/LUNA (#561) pools. These pools currently contain around 7% of OSMO liquidity, however this is rapidly decreasing as users unbond and the value of UST and LUNA fluctuate through unforeseen volatility causing there to be fewer OSMO in the pool. \n At the current 50% discount rate, this would unstake up to ~2.6 million OSMO which were being used to secure the network through staking. However as many users are unbonding from these pools this will be lower. See https://hathornodes.com/resources/staking_dashboard for the recent drop in OSMO being used for Superfluid Staking that indicates this.\n Superfluid proposals ask whether governance trusts in the stability and security of these chains sufficiently to allow their tokens to have an influence on Osmosis governance. \n\nCommonwealth Thread: https://gov.osmosis.zone/discussion/4878-urgent-remove-all-terra-related-incentives

Votes

Voter
Answer