WMATIC bootstrapping liquidity incentives
passed
Expected result
Passed
Turnout / Quorum
60.34% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.12.14 at 15:03:22
Voting end 2022.12.19 at 15:03:22
Vote distribution
87.12%
108 989 699 osmo
Yes
1.47%
1 834 381 osmo
No
0.07%
81 416 osmo
Veto
11.34%
14 191 329 osmo
Abstain
Details
Proposer
-
Total deposit
1 600 osmo
Submit time
2022.12.14 at 14:56:06
Deposit end time
2022.12.28 at 14:56:06
Description
- By voting YES on this proposal, OSMO stakers voice their support for bootstrapping WMATIC liquidity by manually allocating 0.5% of liquidity incentives to the OSMO/WMATIC pool (#789)\n\n* By voting NO on this proposal, OSMO stakers voice their dissent to bootstrapping WMATIC liquidity by manually allocating 0.5% of liquidity incentives to the OSMO/WMATIC pool (#789)\n\nDetails\nThe normal signalling proposal to allocate WMATIC incentives would go into effect at the next routine incentives proposal providing incentives on the 25th December. This proposal would provide initial incentives on the 20th December by actioning the following:\n* Directly allocating 0.5% of incentives to go to OSMO/MATIC (#789)\n* Set Minimum incentives for the OSMO/MATIC (#789) pool of 0.5% for 4 routine proposals to retain this level of liquidity incentives while liquidity is built.\n\nBootstrapping incentives indicate that Osmosis stakers wish to quickly establish functional liquidity of WMATIC to facilitate trading and liquidity flow between Polygon and Osmosis via the Axelar bridge.\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