Match external ECH incentives on ECH/OSMO (#747)
rejected
Expected result
Rejected
Turnout / Quorum
56.79% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.08.06 at 11:55:08
Voting end 2022.08.11 at 11:55:08
Vote distribution
3.90%
4 596 272 osmo
Yes
18.76%
22 085 042 osmo
No
55.99%
65 919 920 osmo
Veto
21.35%
25 137 071 osmo
Abstain
Details
Proposer
-
Total deposit
500 osmo
Submit time
2022.08.06 at 11:48:50
Deposit end time
2022.08.20 at 11:48:50
Description
- By voting YES on this proposal, OSMO stakers voice their support in matching ECH incentives on ECH/OSMO (#747)\n* By voting NO on this proposal, OSMO stakers voice their dissent in matching external ECH incentives on ECH/OSMO (#747)\n\n## Details\nThis is a signaling proposal to match external ECH incentives on ECH/OSMO (#747) as per the matching program guidelines established in Osmosis proposals 47, 128 and 133.\n\nIncentives match from Osmosis governance are required to have Echelon (ECH) listed as an asset in the main dapp at app.osmosis.zone (reference PR #212 on the Osmosis assetlist), which also is required for listing the market under the Echelon Coinmarketcap listing. Echelon brings together more than seven blockchains, bringing traffic and new user exposure to Osmosis.\n\nEchelon external incentives are live on pool ECH/OSMO #747 to the value of 10,000,000 ECH over a 180 day period, totaling an average value of ~$100,000 USD or $550 USD (~55,000 ECH) per day.\nEchelon external incentives are live on pool ECH/USDC #748 to the value of 2,000,000 ECH over a 90 day period, totaling an average value of ~$20,000 USD or $222 USD (~22,000 ECH) per day.\n\nThere will be future proposals onchain with ECH to use community pool funding for further incentives, past the end dates of the current live pools.\n\n## About Echelon\nEchelon is a public Cosmos and EVM compatible blockchain protocol and new ecosystem that bridges DeFi and mass adoption. The Echelon consensus and layer protocols delivers unparalleled speed, scalability, and security. Echelon equally serves as an application-agnostic chain fully interoperable with the Ethereum mainnet, all EVM compatible environments, and other chains via Cosmos IBC. Expectedly, it eases cross-chain transferals of value for both developers and end-users. Echelon also features a custom bridge across six popular EVM blockchains for free (just gas).\n\nOfficial Website: https://ech.network\nOfficial Dapp: https://app.ech.network\nRestake: https://restake.app/echelon\nDiscord: https://discord.gg/echelon\nCoinMarketCap: https://coinmarketcap.com/currencies/echelon\n\n
Votes
Voter
Answer