Proposal #77

Match External Incentives for SCRT/ATOM and SCRT/OSMO pairs

Exec Legacy Content
passed
Expected result
Rejected
Turnout / Quorum
11.61% / 20.00%

Voting period

Voting ended100.0%
Voting start 2021.11.22 at 19:37:03
Voting end 2021.11.25 at 19:37:03

Vote distribution

96.68%
23 268 051 osmo
Yes
0.15%
36 495 osmo
No
0.03%
6 199 osmo
Veto
3.15%
757 452 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2021.11.22 at 19:37:03
Deposit end time
2021.12.06 at 19:37:03

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

Voter
Answer