Proposal #29

Would you be open to a clawback of 'unclaimed' ION?

Exec Legacy Content
passed
Expected result
Rejected
Turnout / Quorum
11.09% / 20.00%

Voting period

Voting ended100.0%
Voting start 2021.08.30 at 04:05:21
Voting end 2021.09.02 at 04:05:21

Vote distribution

92.67%
21 302 324 osmo
Yes
3.05%
700 203 osmo
No
0.08%
18 663 osmo
Veto
4.20%
966 306 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2021.08.30 at 03:59:56
Deposit end time
2021.09.13 at 03:59:56

Description

This is a simple signaling proposal just to determine if the Osmosis community is open to the idea of synchronizing the ION airdrop with the OSMO airdrop so that 80% of 'unclaimed' Ions would be reclaimed at the end of the 6 month airdrop claim window with the intent to use them for the betterment of the zone.\n\n'Unclaimed' ION are defined as wallets which have a Sequence Number = 0, which means the address has NOT performed a single action during the 6 month airdrop claim window.\n\nAs of this drafting there are 17,331 ION that meet the above definition for being 'unclaimed' or ~81% of the TOTAL supply. Code used to provide these numbers can be found here: https://github.com/Nostradamus411/unclaimed-ions \n\nMy assessment of the conversations being had in the Ion Governance Community are that there are two primary drivers for considering a clawback:\n\n1) Many of the utility ideas being explored have a foundation in Ion being used as a governance token and the specter of such a large % of the total supply being inactive would present substantial risks.\n2) A burning desire to put everything we can into making the Osmosis Zone the BEST it can possibly be! Rather than leaving these tokens to fossilize unutilized, in what are likely abandoned wallets, they should instead be reclaimed and put to a more productive use.\n\nIf this proposal passes then there will be follow up proposal(s) to clearly define the criteria, method, and allocations of an ION clawback.\n\nIf you vote YES on this please join the discussion in the Ion Commonwealth https://commonwealth.im/ion/proposal/discussion/1525-addressing-the-dead-wallets and share your thoughts on how to best utilize any clawback to support Osmosis in becoming the greatest AMM in all of cryptoosmosisd tx gov submit-proposal\n\nYou can read my own personal thoughts on how we could allocate any reclaimed Ions here: https://nostradamus411.medium.com/synchronizing-fairdrop-rules-for-both-native-osmosis-zone-tokens-8e1ace7d1e57

Votes

Voter
Answer