Proposal #452

USDT Bootstrapping liquidity incentives

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
66.51% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.03.06 at 16:01:03
Voting end 2023.03.11 at 16:01:03

Vote distribution

90.78%
125 164 753 osmo
Yes
1.34%
1 843 192 osmo
No
0.01%
11 863 osmo
Veto
7.87%
10 857 076 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.03.06 at 15:55:07
Deposit end time
2023.03.20 at 15:55:07

Description

This proposal would add OSMO incentives directly to the OSMO/USDT pool (#831) 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 19th March 2023. This proposal would provide initial incentives on the 13th March by actioning the following: \n\n* Directly allocating 0.5% of incentives to the OSMO/USDT pool (#831)\n* Set Minimum incentives for the OSMO/USDT pool (#831) 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 USDT to facilitate trading. \n\n ##About USDT\nLaunched in 2014, Tether was the first stablecoin issued and remains the most prevalent stablecoin in use across the crypto ecosystem. \n\nWebsite: https://tether.to/ \n\nCommonwealth Thread: https://commonwealth.im/osmosis/discussion/10231-osmousdt-incentives

Votes

Voter
Answer