Match External Incentives for SCRT/ATOM and SCRT/OSMO pairs
Voting period
Vote distribution
Details
Description
Background As established in Osmosis Proposal 47, the matching of external incentives requires a governance vote to add to the incentive model.
Proposal Details Match external incentives provided by the Secret Network community for the SCRT/ATOM and SCRT/OSMO pairs.
- By voting YES on this proposal, external SCRT incentives will be matched at ~$10,000 per day
- By voting NO on this proposal, external SCRT incentives will NOT be matched at ~$10,000 per day
Context The proposal for the external incentives went live on the Secret Network on November 20th, 2021 and is passing with unanimous approval: https://wallet.keplr.app/#/secret/governance?detailId=64. The discussion around the incentives can be seen here: https://forum.scrt.network/t/proposal-scrt-on-osmosis-early-pool-incentives-to-mitigate-slippage-and-boost-liquidity/4737. This proposal is for ~$5000 per day in SCRT distributed across both pairs, however if the Osmosis community chooses to match, SCRT Labs will make the SCRT incentive ~$10,000 per day.
Therefore, the final ask for the Osmosis incentive match is for ~$10,000 per day.
As passed in Osmosis Proposal 54, these matched incentives would be in addition to the existing incentives gained from fee subsidies.
COMMONWEALTH DISCUSSION THREAD https://commonwealth.im/osmosis/proposal/discussion/2727-match-external-incentives-for-scrtatom-and-scrtosmo-pairs
Votes