Proposal #410

AVAX Bootstrapping liquidity incentives

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
53.20% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.01.25 at 15:43:34
Voting end 2023.01.30 at 15:43:34

Vote distribution

88.47%
97 575 462 osmo
Yes
0.55%
604 181 osmo
No
0.01%
5 921 osmo
Veto
10.98%
12 108 369 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.01.25 at 15:42:20
Deposit end time
2023.02.08 at 15:42:20

Description

This proposal would add OSMO incentives directly to the OSMO/(w)AVAX pool (#899) consisting of 0.5% of liquidity incentives and maintain this for a period of 4 routine incentive proposals.\n\n## Details\nThe normal signalling proposal to allocate incentives would go into effect at the next routine incentives proposal providing some incentives on the 5th February 2023. This proposal would provide initial incentives on the 31st January by actioning the following:\n* Directly allocating 0.5% of incentives to the OSMO/(w)AVAX pool (#899)\n* Set Minimum incentives for the OSMO/(w)AVAX (#899) 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 AVAX to facilitate trading and liquidity flow between Avalanche and Osmosis via the Axelar bridge.\n\n## About AVAX\nAVAX is the native token of the Avalanche platform and is used to secure the network through staking, pay for fees, and provide a basic unit of account between the multiple subnetworks created on the Avalanche platform. wAVAX is the wrapped version of AVAX that enables use on the Avalanche network.\nWebsite: https://www.avax.network/\n\nCommonwealth Thread: https://commonwealth.im/osmosis/discussion/9547-onboarding-of-new-major-token-pool-avax

Votes

Voter
Answer