Proposal #85

Cleanup & Refund < $1k TVL Pools

Exec Legacy Content
passed
Expected result
Rejected
Turnout / Quorum
12.98% / 20.00%

Voting period

Voting ended100.0%
Voting start 2021.12.06 at 16:30:50
Voting end 2021.12.09 at 16:30:50

Vote distribution

98.91%
26 609 394 osmo
Yes
0.04%
11 033 osmo
No
0.00%
277 osmo
Veto
1.05%
283 108 osmo
Abstain

Details

logo
Proposer
-
Total deposit
575 osmo
Submit time
2021.12.05 at 20:30:03
Deposit end time
2021.12.19 at 20:30:03

Description

Problem Statement\n\nPool creation on Osmosis was free until Prop #45 passed and this proposal is a follow up, the result of free pool creation was that many scientists decided to run their own experiments with the functionality just to kick the tires on the process after which they would drain the pool of their funds leaving a few droplets of liquidity behind. There are now >=600 pools on Osmosis, most of which are defunct due to the aforementioned early experimentation, this presents unnecessary UI complexity and noise for users with so many extraneous pools happering UX.\n\n\nProblem Solution\n\nDuring a future chain upgrade, dissolve all pools with less than $1,000 of TVL by refunding holders of those GAMM-# shares with the constituent tokens and destroy the pool. All existing pools and GAMM shares will retain their current numbers and new pools will continue to be created by incrementing the current max pool number.\n\nNOTE : Any GAMM shares which are IBC'd out of Osmosis would be STUCK if not brought back over to Osmosis before this cleanup!\n\n\nProposal\n\nVote YES -- to signal approval to state cleanup & refund all pools under $1k TVL\nVote NO -- to signal dissent and NOT alter state to cleanup any low TVL pools\n\n\nCommonwealth Discussion\nhttps://commonwealth.im/osmosis/proposal/discussion/2047-proposal-raise-the-pool-creation-fee-and-refund-pools-with-less-than-1000-tvl\n\nOsmosis Github Issue\nhttps://github.com/osmosis-labs/osmosis/issues/502

Votes

Voter
Answer