Proposal #650

Deploy 2M OSMO to an ampOSMO Supercharged Pool

Exec Legacy Content
rejected
Expected result
Rejected
Turnout / Quorum
77.15% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.10.05 at 15:17:21
Voting end 2023.10.10 at 15:17:21

Vote distribution

9.62%
15 382 064 osmo
Yes
45.01%
71 982 810 osmo
No
0.03%
44 659 osmo
Veto
45.35%
72 530 817 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.10.05 at 15:17:21
Deposit end time
2023.10.19 at 15:17:21

Description

This proposal aims to deploy 2M OSMO to an ampOSMO/OSMO supercharged pool.

The OSMO are sent to a 4-out-of-5 mult-sig controlled by trusted community members. The purpose of this multisig wallet is to create a concentrated liquidity pool, create a liquidity position to cover the expected trading range over the next two years and subsequently transfer the resulting position back to the Osmosis community when possible.

By doing so we will be able to improve the utility of ampOSMO across the Cosmos ecosystem. Additionally, it will reduce Osmosis dependency on a single liquid staking provider, while ensuring the continued sovereignty of delegations and governance power.

Full details can be found in the forum: https://forum.osmosis.zone/t/deploy-2m-osmo-to-the-amposmo-osmo-pool/385

Votes

Voter
Answer