Major Incentives Category Rebalance
passed
Expected result
Passed
Turnout / Quorum
43.63% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.05.27 at 10:56:50
Voting end 2022.06.01 at 10:56:50
Vote distribution
83.18%
75 236 750 osmo
Yes
0.22%
201 127 osmo
No
0.01%
7 315 osmo
Veto
16.59%
15 009 540 osmo
Abstain
Details
Proposer
-
Total deposit
500 osmo
Submit time
2022.05.27 at 10:50:31
Deposit end time
2022.06.10 at 10:50:31
Description
- Voting Yes for this proposal indicates that liquidity incentive minimums should be reallocated as below\n\n* Voting No for this proposal indicates that existing liquidity incentive minimums should be unaffected by this proposal\n\nOsmosis Liquidity incentives are distributed daily according to the category model established in Proposal #233 with 45% of the daily incentives going to major/osmo pools. These are distributed according to minimum incentive levels established in Proposals #223, #229 and #233 with the remainder distributed proportional to the fees generated by transactions in these pools as follows:\n* OSMO/ATOM (#1): 25%\n* OSMO/WETH (#704): 4.91%\n* OSMO/WBTC (#712): 5%\nLeaving 10.09% to be awarded based solely on the share of fees. These currently go 0.9% to CRO and the remainder to ATOM.\n\nThis proposal asks that the minimums are redefined to the following in order to further encourage deep liquidity in a variety of Major pools:\n* OSMO/ATOM (#1): 15%\n* OSMO/CRO (#9): 3%\n* OSMO/WETH (#704): 10%\n* OSMO/WBTC (#712): 10%\nLeaving 7% to be awarded based solely on the share of fees.\n\nA maximum incentive level would also be implemented for OSMO/ATOM (#1) of 25% in order to enable these changes. Without this, Pool #1 continues to draw the majority of the fees due to its size and does not allow newer pools to grow. Further maximum incentive settings can be implemented in future proposals to ensure that Osmosis does not incentivise any one asset excessively.\n\nIf passing by the time of the regular incentives proposal, these changes will also be merged into the new incentives proposal for the 29th May so the regular incentives proposal does not revert the gauge weights to the current minimums on passing. The regular incentives proposal should be voted No on if this proposal was passing on the 29th and later fails.\n\nCommonwealth Thread: https://gov.osmosis.zone/discussion/5034-change-to-minimums-in-major-incentives-category
Votes
Voter
Answer