Proposal #435

FTM Bootstrapping liquidity incentives

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
59.97% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.02.15 at 13:18:31
Voting end 2023.02.20 at 13:18:31

Vote distribution

83.09%
103 307 044 osmo
Yes
0.53%
653 179 osmo
No
0.04%
53 226 osmo
Veto
16.34%
20 320 790 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.02.15 at 13:02:32
Deposit end time
2023.03.01 at 13:02:32

Description

This proposal would add OSMO incentives directly to the OSMO/(w)FTM pool (#900) 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 26th February 2023. This proposal would provide initial incentives on the 21st February by actioning the following:\n* Directly allocating 0.5% of incentives to the OSMO/(w)FTM pool (#900)\n* Set Minimum incentives for the OSMO/(w)FTM (#900) 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 FTM to facilitate trading and liquidity flow between Fantom and Osmosis via the Axelar bridge.\n\n## About Fantom\nFantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Fantom’s mainnet deployment—Fantom Opera—is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.\n\nLachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. This is achieved while remaining permissionless, decentralized, and open-source.\n\nFTM is currently provided on Osmosis via the Axelar bridge.\n\nWebsite: https://fantom.foundation/\n\nCommonwealth Thread: https://gov.osmosis.zone/discussion/9921-fantom-incentives

Votes

Voter
Answer