Proposal #276

Match XPRT External Incentives for Pools XPRT/USDC(#719) & XPRT/OSMO(#15)

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
49.59% / 20.00%

Voting period

Voting ended100.0%
Voting start 2022.07.11 at 22:33:30
Voting end 2022.07.16 at 22:33:30

Vote distribution

62.32%
64 066 190 osmo
Yes
12.96%
13 320 837 osmo
No
0.09%
88 745 osmo
Veto
24.64%
25 330 231 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2022.07.11 at 22:33:30
Deposit end time
2022.07.25 at 22:33:30

Description

** Proposal Details** Match external incentives provided by the Persistence team for XPRT/USDC (pool #719) and XPRT/OSMO (pool #15). 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 ~$2,666 per day for XPRT/OSMO Pool & XPRT incentives will be matched at ~$4,444 per day for XPRT/USDC Pool
  • By voting NO on this proposal, external XPRT incentives will NOT be matched at ~$2,666 per day for XPRT/OSMO Pool & XPRT incentives will NOT be matched at ~$4,444 per day for XPRT/USDC Pool

** Context ** The Persistence team has allocated 400,000 XPRT across XPRT/USDC (pool 719) and XPRT/OSMO (pool 15) that amounts to ~$320,000 over the course of 45 epochs (Started on 08-07-2022) The XPRT incentives are as follows:

  • XPRT/USDC (Pool #719): ~5,555 XPRT per day amounting to ~$4,444.
  • XPRT/OSMO (Pool #15): ~3,333 per day amounting to ~$2,666. Therefore, the final ask for the Osmosis incentive match is for ~$7,110 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

Votes

Voter
Answer