Proposal #45

Increase Pool Creation Fee to 100 osmo

Exec Legacy Content
passed
Expected result
Rejected
Turnout / Quorum
13.80% / 20.00%

Voting period

Voting ended100.0%
Voting start 2021.10.03 at 02:59:02
Voting end 2021.10.06 at 02:59:02

Vote distribution

98.35%
28 145 069 osmo
Yes
0.68%
195 598 osmo
No
0.00%
887 osmo
Veto
0.96%
276 103 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2021.10.03 at 02:42:57
Deposit end time
2021.10.17 at 02:42:57

Description

With the passage of Prop 38 and the successful integration of the Osmosis v4: Berylium Upgrade, the pool creation fee chain parameter has been added to Osmosis. The pool creation fee is currently set to 1 uosmo (essentially $0). This proposal aims to raise the pool creation fee to 100 osmo (~ $575 at time of drafting).\n\nFEE DESTINATION\nPer existing on-chain parameters the pool creation fee will be sent to the Osmosis community pool.\n\nPURPOSE : Prevent Spam Pool Creation\nImplementing a 100 osmo pool creation fee will have the practical effect of preventing people from adding very small amounts of liquidity to a pool for the sole purpose of testing the pool creation function and then pulling it out immediately thereafter, leaving behind an abandoned pool with less than $0.01 in TVL.\n\nThis will also ensure that any pools added to Osmosis are included for the purpose of adding long-term liquidity to the DEX.\n\n***** COMMONWEALTH PROPOSAL SOURCE *****\nhttps://commonwealth.im/osmosis/proposal/discussion/2047-proposal-raise-the-pool-creation-fee-and-refund-pools-with-less-than-1000-tvl\n\nSeparate Proposal will be put forth to approve state cleanup & refunds all pools under $1000 TVL portion of the Commonwealth post.

Votes

Voter
Answer