Add WMATIC to the list of Major category assets
passed
Expected result
Passed
Turnout / Quorum
60.39% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.12.14 at 14:57:24
Voting end 2022.12.19 at 14:57:24
Vote distribution
90.41%
113 192 438 osmo
Yes
0.87%
1 093 761 osmo
No
0.03%
35 109 osmo
Veto
8.69%
10 881 484 osmo
Abstain
Details
Proposer
-
Total deposit
1 600 osmo
Submit time
2022.12.14 at 14:52:19
Deposit end time
2022.12.28 at 14:52:19
Description
- By voting YES on this proposal, OSMO stakers voice their support for adding WMATIC to the list of assets that receive incentives as a Major token.\n\n* By voting NO on this proposal, OSMO stakers voice their dissent to adding WMATIC to the list of assets that receive incentives as a Major token.\n\nDetails\nMATIC is currently the rank 10 cryptocurrency by marketcap with a valuation of around $8.2 Billion, 16 times higher than Osmosis. WMATIC is the wrapped version of this able to be used across Polygon Network DeFi.\nThe majority of trade volume happens on alternative decentralised exchanges for WMATIC and centralised exchanges for MATIC, not on Osmosis.\nThis proposal asks if Osmosis has a strategic interest in attracting more liquidity of WMATIC and so will enable it to access a greater proportion of liquidity incentives.\n\nAbout WMATIC\nWMATIC is the wrapped version of MATIC that enables use on the Polygon network. WMATIC is similar in liquidity to WETH as the most liquid, volatile asset across Polygon.\nWebsite: https://polygon.technology/\n\nCommonwealth Thread: https://commonwealth.im/osmosis/discussion/8467-onboarding-of-new-major-token-pool-osmowmatic
Votes
Voter
Answer