Proposal #767

Reduce Pool Creation Fee to 20 USDC

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
92.88% / 20.00%

Voting period

Voting ended100.0%
Voting start 2024.04.15 at 15:01:00
Voting end 2024.04.20 at 15:01:00

Vote distribution

79.18%
152 466 613 osmo
Yes
8.02%
15 446 730 osmo
No
0.49%
950 700 osmo
Veto
12.30%
23 689 746 osmo
Abstain

Details

logo
Proposer
osmo19w2t4ue7qpdh6022...
Total deposit
1 600 osmo
Submit time
2024.04.15 at 15:01:00
Deposit end time
2024.04.29 at 15:01:00

Description

This proposal would reduce the fee for creating pools on Osmosis to 20 USDC.

Background

On Osmosis, anyone can create pools by paying a creation fee. This fee helps prevent duplicate or spam pools, simplifying routing calculations and preventing excessive liquidity fragmentation.

This fee was previously set at 100 USDC and changed from OSMO in Proposal 699.

With the upcoming launch of start.cooking by Big Labs, the Osmosis meme coin factory, this proposal aims to lower the pool creation fee to a level that would still deter spam but allow users to create new token pools with ease via the platform.

This change may result in the creation of excessive duplicate pools. The router's performance will be monitored, and if functionality is degraded, a reversion of this parameter change will be proposed.

Forum Thread: https://forum.osmosis.zone/t/reduce-pool-creation-fee-to-20-usdc/2666

Votes

Voter
Answer