Proposal #669

Decrease Pool Creation fee to 400 OSMO

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
87.08% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.10.27 at 11:45:05
Voting end 2023.11.01 at 10:45:05

Vote distribution

96.08%
173 459 236 osmo
Yes
2.43%
4 381 428 osmo
No
0.00%
1 074 osmo
Veto
1.49%
2 693 247 osmo
Abstain

Details

logo
Proposer
-
Total deposit
1 600 osmo
Submit time
2023.10.27 at 11:45:05
Deposit end time
2023.11.10 at 10:45:05

Description

This proposal directly lowers the Pool Creation fee to 400 OSMO.

Background

Since the Pool Creation fee was increased in V19 to 1000 OSMO, very few new Supercharged pools have been created.

This may be due to the lack of User Interface for Supercharged pool creation, which currently requires CLI usage. The documentation for this is available here. However, very few Balancer or Stableswap pools have also been created in this time despite the availability of new assets such as USDC and USDT.

This proposal would lower the Creation fee to 400 OSMO (~$100 at time of writing).

This results in a slightly higher spend than before the change to minimise spam as was being discussed in this forum thread: https://forum.osmosis.zone/t/proposals-addressing-scam-pools-increase-the-pool-creation-fee/42

We are at a stage in Osmosis where new pools should be being made to find the optimal fee for a trade and this proposal asks that the financial barrier to this be reduced.

Forum Post: https://forum.osmosis.zone/t/reduce-pool-creation-fee/479

Votes

Voter
Answer















Proposal #669: Decrease Pool Creation fee to 400 OSMO - Osmosis (OSMO) Mainnet Explorer