Remove Non-OSMO pool incentives
passed
Expected result
Passed
Turnout / Quorum
51.21% / 20.00%
Voting period
Voting ended100.0%
Voting start 2022.12.21 at 14:29:43
Voting end 2022.12.26 at 14:29:43
Vote distribution
53.04%
56 315 111 osmo
Yes
1.19%
1 261 636 osmo
No
0.12%
131 181 osmo
Veto
45.65%
48 464 456 osmo
Abstain
Details
Proposer
-
Total deposit
1 600 osmo
Submit time
2022.12.21 at 14:06:56
Deposit end time
2023.01.04 at 14:06:56
Description
- By voting YES on this proposal, OSMO stakers voice their support for a staged removal of OSMO incentives from pools within the OTHERS and MAJOR/STABLE categories and subsequent abolishment of these categories.\n\n* By voting NO on this proposal, OSMO stakers voice their dissent to a staged removal of OSMO incentives from pools within the OTHERS and MAJOR/STABLE categories and subsequent abolishment of these categories.\n\nDetails\nWith the addition of the Osmosis Multihop in v13, OSMO pools are now the preferred route with the lowest cost in the majority of trades. While non-OSMO pools will still yield profit for LPers from arbitrage trades, they are no longer required in order to give the lowest trade costs for users.\n\nThis proposal argues that Osmosis incentives to pools in the OTHERS and MAJOR/STABLE categories are now no longer required by Osmosis and therefore these categories should be removed from the incentives system. \n\nThe MAJOR/STABLE category currently receives no incentives, however a pool (482) never had incentives individually removed by governance and so has been decreasing according to the scaling cap weekly. \n\nAffected Pools\n\nIf this proposal passes, incentives on the following pools will be removed over two weeks at regular incentive proposals as follows:\nWeek 1 - 50%\nWeek 2 - 0%\n\n* 498 ATOM\JUNO\n* 611 ATOM\STARS\n* 585 ATOM\SCRT\n* 4 ATOM\AKT\n* 10 ATOM\CRO\n* 13 ATOM\XPRT\n\nTotal Emissions: 1.15%\n\nIncentives on the following pools will be removed entirely at the next regular incentive proposal:\n* 482 EEUR\ATOM\n\nTotal Emissions: 0.000015%\n\nAny matched incentives are also removed by this proposal, the only active of which is ATOM/STARS which was unintentionally proposed for matching according to the Commonwealth discussion here.\n\nRemoved emissions will be redirected to the community pool for later use rather than being redistributed.\n\nCommonwealth Thread: https://commonwealth.im/osmosis/discussion/8541-remove-nonosmo-pool-incentives
Votes
Voter
Answer