Proposal #597

Create Supercharged Pools for ATOM, ETH, USDC and stATOM

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
70.43% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.08.26 at 18:56:54
Voting end 2023.08.31 at 18:56:54

Vote distribution

92.86%
135 578 960 osmo
Yes
1.46%
2 128 782 osmo
No
0%
0 osmo
Veto
5.68%
8 298 090 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.08.26 at 18:53:12
Deposit end time
2023.09.09 at 18:53:12

Description

This proposal would create new Supercharged Liquidity pools and add migration links to the existing Classic pools. \n\n* OSMO/USDC 0.2% Spread, Linked to Pool 678 \n* OSMO/ETH 0.2% Spread, Linked to Pool 704 \n* OSMO/ATOM 0.2% Spread, Linked to Pool 1 \n* stATOM/ATOM 0.3% Spread, Linked to Pool 803 \n\n## Background \nDuring the rollout period, the creation of Supercharged Liquidity pools is permissioned by governance as established in Proposal 532. \n\nThe creation of Migration links is also permissioned by governance and allows users to move liquidity directly from a bonded position in the established Classic pool to a bonded position in the linked Supercharged pool. This allows users to maintain Superfluid Staked full range positions with no disruption to rewards. \n\nA migration link also transfers OSMO incentives provided to the Classic pool to the new Supercharged pool, with liquidity remaining in the Classic pool being treated as a full-range Supercharged position that receives a 5% discount on incentives to encourage migration. \n\n## Choice of Pools \n\nThis selection of pools covers all pools exempted from creation and migration in Proposal 571 due to liquidity size. \n\nThe linked pools represent around 61% of liquidity on Osmosis. \n\nThe spread factors match the current spread factors used on the linked Classic pools. \n\n\On passing, this proposal would leave the only natively incentivized pools not migrated: \n\n* Stableswap pools, which are not undergoing migration \n* Those with a Base/Quote 18/6 pattern, which will be proposed after a future upgrade proposal. \n\nWhile ETH has an exponent of 18 it is the Quote asset in this case, enabled by Proposal 580, allowing the supercharged pool to be created. \n\nIt should be noted that migration of incentives only applies to the Osmosis incentives. Existing external incentives on a classic pool will remain in place. This is particularly relevant to the ATOM/stATOM pool. \n\nForum Thread: https://forum.osmosis.zone/t/create-supercharged-pools-for-atom-eth-usdc-and-statom/220

Votes

Voter
Answer