Proposal #347

Gravity Incentivised Pools

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
66.37% / 20.00%

Voting period

Voting ended100.0%
Voting start 2022.10.14 at 23:14:46
Voting end 2022.10.19 at 23:14:46

Vote distribution

94.61%
130 180 138 osmo
Yes
0.11%
147 632 osmo
No
0.10%
138 621 osmo
Veto
5.18%
7 124 752 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2022.10.14 at 15:15:48
Deposit end time
2022.10.28 at 15:15:48

Description

  • By voting YES on this proposal, OSMO stakers voice their support for distributing GRAV incentives to the OSMO paired pools with WETH.grv (634), USDC.grv (633), USDT.grv (818) and GRAV (625) on Osmosis.
  • By voting NO on this proposal, OSMO stakers voice their dissent for distributing GRAV incentives to the OSMO paired pools with WETH.grv(634), USDC.grv (633), USDT.grv (818) and GRAV (625) on Osmosis.

Distribution of 13,750,000 GRAV tokens currently in the Osmosis community pool with the following amounts for a period of 120 days:

  • WETH.grv/OSMO - 4,000,000 GRAV - Pool #634
  • USDC.grv/OSMO – 3,750,000 GRAV - Pool #633
  • USDT.grv/OSMO – 5,000,000 GRAV – Pool #818
  • GRAV/OSMO – 1,000,000 GRAV - Pool #625

The distribution of these tokens will be handled by a 3/4 multi-sig composed of Johnny Wyles, luisqa from Osmosis community and Paul | SkyNet Validators and Dan | Qwoyn Validator representing the Gravity community.

Multisig address is: osmo1j52d6r4zltd5rzl0cw6sag0u4fsj9e0a2mmf3g

It is important to note that the GRAV/OSMO pool is already receiving incentives, the goal of the GRAV incentives is to help grow it further.

Discussion of proposal on Commonwealth

Votes

Voter
Answer