Signaling Proposal for stOSMO/OSMO (#833) Incentivised Pool

• By voting YES on this proposal OSMO stakers voice their support for adding stOSMO/OSMO (#833) to the set of pools that continuously receive OSMO incentives.
• By voting NO on this proposal OSMO stakers voice their dissent for adding stOSMO/OSMO (#833) to the set of pools that continuously receive OSMO incentives.

Details

This is a signaling proposal to add stOSMO/OSMO (#833) to the set of pools that continuously receive OSMO incentives. This pool falls into the “minor/OSMO” incentive category, which receives 14% of OSMO incentives. So the stOSMO/OSMO pool would get part of that 14% of OSMO incentives. OSMO incentives to the set of pools that continuously receive incentives are adjusted weekly, using the semi-automatic incentive adjustment system.

stOSMO/OSMO (#833) is currently incentivized with STRD from the Stride Foundation, at a rate of 10,000 STRD per day. The Stride Foundation will continue incentivizing this pool for the foreseeable future.

If approved, OSMO incentives to the stOSMO pool would increase liquidity depth, allowing the pool to function as a stable oracle for the price of stOSMO and absorb stOSMO liquidations. If liquidity is deep enough, stOSMO will likely be a collateral option for these coming Osmosis applications: Mars, Membrane, Margined, and Levana. In addition, many applications throughout the Cosmos will likely use stOSMO as collateral - if the stOSMO pool is deep enough.

About Stride

Stride provides liquid staking for the Cosmos. Stride has a huge emphasis on security, with a minimalist blockchain, rate limiting, and continual auditing. Stride is working to build deep liquid staked derivative (LSD) liquidity on Osmosis, so that Stride LSD pools can function as oracles and absorb liquidations. As Stride is significantly aligned with Osmosis, it makes sense to further that alignment by voting to add the stOSMO pool to the set of incentivized pools.

Commonwealth Thread

https://gov.osmosis.zone/discussion/7482-signaling-proposal-to-incentivize-strides-stosmo-osmo-pool