Proposal #113
Passed on 31 Dec 2021 with 92.2% of the votes for yes.
Yes
92.2%
98.0% without abstain
Veto
0.0%
of votes cast
Ended
31 Dec 2021
92.16%
of votes cast
5.94%
of votes cast
1.90%
of votes cast
0.01%
of votes cast
Background As established in Osmosis Proposal 47 ([Hidden link]) the matching of external incentives requires a governance vote to add to the incentive model.
Proposal Details Match external incentives provided by the BitSong team for BTSG/OSMO (pool 573), BTSG/ATOM (pool 574) and BTSG/UST (pool 592). External incentives have already begun and will continue for 30 epochs.
By voting YES on this proposal, external BTSG incentives will be matched at ~$22,000 per day, at the current value of $0,44 x BTSG By voting NO on this proposal, external BTSG incentives will NOT be matched at ~$22,000 per day, at the current value of $0,44 x BTSG
Context The BitSong team has provided the second batch of 1,500,000 BTSG across BTSG/OSMO pool 573, BTSG/ATOM pool 574 and BTSG/UST pool 592, amounting to ~$660,000, at the current value of $0,44 x BTSG, over the course of 30 epochs beginning Wednesday, December 29th at 00:00am UTC.
The $BTSG incentives are as follows:
BTSG/OSMO (Pool #573): ~16,666.65btsg per day amounting to ~$7.333,33 at the current value of $0,44 x BTSG BTSG/ATOM (Pool #574): ~16,666.65btsg per day amounting to ~$7.333,33 at the current value of $0,44 x BTSG BTSG/UST (Pool #592): ~16,666.65btsg per day amounting to ~$7.333,33 at the current value of $0,44 x BTSG Therefore, the final ask for the Osmosis incentive match is for ~$22,000 per day.
As passed in Osmosis Proposal 54 [Hidden link], these matched incentives would be in addition to the existing incentives gained from fee subsidies.