Proposal #89

Match CMDX External Incentives for Pools 600 and 601

Exec Legacy Content
passed
Expected result
Rejected
Turnout / Quorum
15.43% / 20.00%

Voting period

Voting ended100.0%
Voting start 2021.12.07 at 19:24:44
Voting end 2021.12.10 at 19:24:44

Vote distribution

94.75%
30 304 350 osmo
Yes
0.09%
27 715 osmo
No
0.00%
131 osmo
Veto
5.16%
1 650 305 osmo
Abstain

Details

logo
Proposer
-
Total deposit
500 osmo
Submit time
2021.12.07 at 18:16:20
Deposit end time
2021.12.21 at 18:16:20

Description

Background As established in Osmosis Proposal 47 (https://www.mintscan.io/osmosis/proposals/47) the matching of external incentives requires a governance vote to add to the incentive model.

** Proposal Details** Match external incentives provided by the Comdex team for CMDX/ATOM (pool 600) and CMDX/OSMO (pool 601). External incentives have already begun and will continue for 90 epochs.

  • By voting YES on this proposal, external CMDX incentives will be matched at ~$72,000 per day
  • By voting NO on this proposal, external CMDX incentives will NOT be matched at ~$72,000 per day

** Context ** The Comdex team has provided 3,000,000 CMDX across CMDX/ATOM pool 600 and CMDX/OSMO pool 601 amounting to ~$6,500,000 over the course of 90 epochs beginning Wednesday, December 8th and 12:00 UTC.

The CMDX incentives are as follows:

  • CMDX/ATOM (Pool #600): ~16667 CMDX per day amounting to ~$36,000
  • CMDX/OSMO (Pool #601): ~16667 CMDX per day amounting to ~$36,000

Therefore, the final ask for the Osmosis incentive match is for ~$72,000 per day.

As passed in Osmosis Proposal 54 https://www.mintscan.io/osmosis/proposals/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/2905-match-external-incentives-for-cmdxatom-and-cmdxosmo-pairs

Votes

Voter
Answer