Proposal #499

Enable Superfluid Staking on SOMM/OSMO

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
72.20% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.05.06 at 20:41:32
Voting end 2023.05.11 at 20:41:32

Vote distribution

90.54%
135 509 301 osmo
Yes
0.19%
288 017 osmo
No
0.02%
35 449 osmo
Veto
9.25%
13 840 109 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.05.06 at 20:41:32
Deposit end time
2023.05.20 at 20:41:32

Description

This proposal is to enable Superfluid Staking on the SOMM/OSMO (#627) pool on Osmosis. \n\n## Details\nSOMM/OSMO pool has been on Osmosis since Feb 2022 and currently has 322,167 USD TVL, with ~203,800 OSMO. At the current superfluid risk factor at 50%, superfluid staking would allow a further ~101,900 OSMO to be used to secure the network through staking. \n##About Sommelier\nSommelier is built on the Cosmos SDK to maximize interoperability with other blockchains, and the platform is a reimagined gateway into interchain DeFi. With a bridge in place connecting the Cosmos-based platform to Ethereum, Sommelier will be able to execute strategies across multiple blockchains, opening a wide horizon of possibilities. \n\nRecently, Sommelier recorded +18.8m USD TVL in strategy vaults after the launch of Real-Yield USD & ETH strategies. \n\nWebsite: https://sommelier.finance\n\n Commonwealth Thread: https://commonwealth.im/osmosis/discussion/11307-enable-superfluid-staking-on-sommosmo

Votes

Voter
Answer