Proposal #673

Expedited: Establish Superfluid Staking for TIA and redirect a portion of Incentives

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
34.98% / 20.00%

Voting period

Voting ended100.0%
Voting start 2023.10.31 at 21:03:01
Voting end 2023.11.05 at 21:03:01

Vote distribution

99.52%
72 172 860 osmo
Yes
0.03%
18 782 osmo
No
0%
0 osmo
Veto
0.45%
328 338 osmo
Abstain

Details

logo
Proposer
-
Total deposit
5 000 osmo
Submit time
2023.10.31 at 21:03:01
Deposit end time
2023.11.14 at 21:03:01

Description

On passing, this proposal would enable Superfluid Staking on the TIA/OSMO pools (1248 and 1249) on Osmosis as well as allow the Celestia incentive multisig to spend 50% as many incentives on the TIA/OSMO pool compared to the TIA/USDC pool whilst maintaining the original 6000 OSMO/day cap. \n\nAs Osmosis is aiming to be the primary market for Celestia and rollups using the TIA token this proposal is considered to be important for the functioning of this market and so is being proposed as an expedited proposal. \n## Details \nSuperfluid \nSuperfluid proposals ask whether governance trusts in the stability and security of the chain sufficiently to allow their tokens to have an influence on Osmosis governance. \n\nThis proposal would enable Superfluid Staking in the TIA/OSMO pools (1248 and 1249) with the default 25% discount rate. \n\nIncentives on OSMO Pool \nThis proposal will also allow the incentive multisig from Proposal 655 to spend up to \nValue per day = Celestia Staking rate per day * Pool TVL * 1.5 \nOn the TIA/OSMO pools up to a cap of 3000 OSMO/day, with a minimum of 1500 per day. While maintaining the overall cap of 6000 OSMO/day across the two pools from the original proposal. Exempting the initial overlapping period. \n\nThis means that half the incentives being spent on the TIA/USDC pool will be spent on TIA/OSMO pools while retaining the same upper limit in potential spend. Where the 6000 OSMO cap is hit then incentives will be split according to demand of each pool. \n## About Celestia \nCelestia is a new type of blockchain that aims to launch a new modular paradigm where each chain is minimal in composition and highly specialized to perform specific tasks. This specialization provides breakthroughs in scalability, flexibility, and interoperability, enabling developers to build blockchain applications for mass adoption. \n\nCelestia is specialized as a data availability blockchain with the TIA token used to pay for blobspace. This allows new blockchains to be spun up without their own native token, instead using TIA similarly to ETH on Ethereum-based rollups. Developers may opt to bootstrap their chain quickly by using TIA as a gas token and currency, in addition to paying for data availability. In this mode, developers can focus on creating their application or execution layer instead of issuing a token right away. \n\nForum Thread\n https://forum.osmosis.zone/t/celestia-launch-expedited-proposals/538

Votes

Voter
Answer