Proposal #317

Signalling Proposal: Removal of incentives on pools #600 ATOM/CMDX & #601 CMDX/OSMO

Exec Legacy Content
passed
Expected result
Rejected
Turnout / Quorum
60.96% / 20.00%

Voting period

Voting ended100.0%
Voting start 2022.08.20 at 05:21:05
Voting end 2022.08.25 at 05:21:05

Vote distribution

29.61%
37 421 920 osmo
Yes
2.19%
2 763 895 osmo
No
0.07%
86 756 osmo
Veto
68.13%
86 096 702 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 941 osmo
Submit time
2022.08.20 at 04:28:13
Deposit end time
2022.09.03 at 04:28:13

Description

This is a signalling proposal to phase out all OSMO incentives through the regular incentives updates from pool #600 ATOM / CMDX & #601 CMDX/OSMO, this will give Liquidity Providers sufficient time to Exit the pools, should they wish to do so. This proposal will also remove superfluid staking immediately on passage of this proposal from pool #601 CMDX/OSMO.\n\nThis is in light of the news and admission by the Comdex Foundation team that wallets connected to and funded by the Comdex Foundation nodes have been involved in volume manipulation/wash trading through Osmosis DEX and selling CMDX through OSMO to USD, in many cases on the hour, every hour since May 2022.\n\nThese wallets have never connected to chains other than their native chain and Osmosis, indicating that they have been running on a script for some time.\n\nEvidence and analysis (with images) of this behaviour are documented thoroughly here: https://medium.com/@Rarma_/comdex-foundation-wallet-wash-trading-receipts-ddb90b9c7717/n/nIncluding admission from Siddarth (Comdex COO) about ‘Market Making’ activities on an AMM by the Comdex Foundation: https://twitter.com/SidP95/status/1550861182613221377?s=20&t=z6M0fISR9eO_PUwDsMO6rw/n/nWith this information and as per proposal 152 (https://www.mintscan.io/osmosis/proposals/152), this proposal will phase out all OSMO incentives through the regular incentives updates from pool #600 ATOM / CMDX & #601CMDX/OSMO and remove superfluid staking immediately on passage of this proposal from pool #601 CMDX/OSMO.\n\n## VOTE:\nBy Voting YES on this proposal, you vote to phase out all OSMO incentives through the regular incentives updates from pool #600 ATOM/CMDX & #601 CMDX/OSMO and remove superfluid staking immediately on passage of this proposal from pool #601 CMDX/OSMO.\n\nBy Voting NO on this proposal, you vote against phasing out all OSMO incentives through the regular incentives updates from pool #600 ATOM / CMDX & #601 CMDX/OSMO and remove superfluid staking immediately on passage of this proposal from pool #601 CMDX/OSMO.\n\nBy voting ABSTAIN, you formally decline to vote either for or against the proposal.\n\nVoting NOWITHVETO expresses that you would like to see depositors penalised by revocation of their deposit and contributes towards an automatic 1/3 veto threshold.

Votes

Voter
Answer