Proposal #267

Manual Incentive Adjustment - Completely remove incentives for various pools

Exec Legacy Content
rejected
Expected result
Rejected
Turnout / Quorum
48.92% / 20.00%

Voting period

Voting ended100.0%
Voting start 2022.06.28 at 18:40:37
Voting end 2022.07.03 at 18:40:37

Vote distribution

11.46%
11 618 885 osmo
Yes
75.01%
76 070 560 osmo
No
0.13%
135 506 osmo
Veto
13.40%
13 585 863 osmo
Abstain

Details

logo
Proposer
-
Total deposit
501 osmo
Submit time
2022.06.28 at 17:11:24
Deposit end time
2022.07.12 at 17:11:24

Description

This proposal will remove all OSMO incentives for the NON-OSMO pairs of the following assets:\n\n* MED\n* BCNA\n* HUAHUA\n* UMEE\n* DSM\n* LIKE\n\nIn addition, OSMO incentives for ALL pairs will be removed from the following assets:\n\n* XKI\n* BOOT\n* LUM\n* DEC\n* IXO\n* CHEQ\n* DARC\n* MNTL\n* SWTH\n* DIG\n* VDL\n* MARBLE\n* NETA\n* CRBRUS\n\nOn June 20, 2022, the total OSMO emissions were reduced by 33%. This had the immediate effect of lowering staking and LP reward returns. The goals of this proposal are two-fold: first is to remove incentives from the aforementioned pools, freeing up incentives to add to assets that will bring value to OSMO stakers, holders, and LPers. Second, to ignite discussion about the process of awarding incentives in the first place. Notably, these incentives were instituted with minimal to no vetting, by simple goverance vote.\n\nIf party wishes to state the case that any given asset or pool should have OSMO incentives, let them demonstrate the merits of their proposition.

Votes

Voter
Answer