Additional Funding for the Osmosis Grants Program
passed
Expected result
Passed
Turnout / Quorum
49.51% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.05.29 at 19:14:26
Voting end 2022.06.03 at 19:14:26
Vote distribution
86.50%
88 781 203 osmo
Yes
0.41%
418 512 osmo
No
0.02%
20 837 osmo
Veto
13.07%
13 413 995 osmo
Abstain
Details
Proposer
-
Total deposit
500 osmo
Submit time
2022.05.29 at 06:32:08
Deposit end time
2022.06.12 at 06:32:08
Description
By voting Yes, the Osmosis Grants Program (“OGP”) will receive an additional 7,500,000 OSMO tokens from the community pool.
By voting No, OSMO holders voice their dissent against the OGP receiving additional funding.
Details
- Osmosis has an opportunity to recruit high-quality teams experienced in CosmWasm that were previously focused on the Terra ecosystem.
- Due to OSMO volatility, the USD value of the original OGP budget has decreased from $12M at the time of launch to $2.3M today.
- Program funds will be managed by the same 7 person multi-sig used for the existing OGP.
Link to the Commonwealth post for more information: https://commonwealth.im/osmosis/discussion/5061-additional-funding-for-the-osmosis-grants-program
Votes
Voter
Answer