Match XPRT External Incentives for XPRT/USDC (pool #719)

Proposal Details Match external incentives provided by the Persistence team for XPRT/USDC (pool #719), the external incentives will continue for 45 epochs for 14 days bonding period.

• By voting YES on this proposal, external XPRT incentives will be matched at ~$9,866 per day
• By voting NO on this proposal, external XPRT incentives will NOT be matched at ~$9,866 per day

Context The Persistence team has allocated 300,000 XPRT across XPRT/USDC pool 719 that amounts to ~$440,000 over the course of 45 epochs (Started on 25-05-2022) The XPRT incentives are as follows:

• XPRT/USDC (Pool #719): ~6,666 XPRT per day amounting to ~$9,866 .

Therefore, the final ask for the Osmosis incentive match is for ~$9,866 per day.

About Persistence Persistence is a Tendermint-based Layer-1 chain designed to be the liquid staking hub for the Proof of Stake economy. It facilitates issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards and also participate in DeFi activities. Persistence ecosystem products are designed to stimulate global liquidity and enable seamless value exchange.

Website: https://persistence.one/ Twitter: https://twitter.com/PersistenceOne