Proposal #139
Passed on 06 Feb 2022 with 92.8% of the votes for yes.
Yes
92.8%
98.8% without abstain
Veto
0.0%
of votes cast
Ended
06 Feb 2022
92.84%
of votes cast
6.05%
of votes cast
1.06%
of votes cast
0.04%
of votes cast
Details: This proposal is a signaling proposal put forth by the core development team at Sifchain (as opposed to Nos Node’s, who is not affiliated with Sifchain, Proposal 135). It signals the inclusion of the ROWAN:OSMO pool 629 into the set of assets that gets external incentives matched with additional OSMO incentives (detailed below).
By voting yes on this proposal OSMO stakers also agree to change the swap fee set forth in Proposal 135 to 0.3% from 0.2% for the ROWAN:OSMO pool 629 which was signaled to receive regular OSMO incentives.
Please note: Sifcore is adding a large amount of initial liquidity to the ROWAN:OSMO pool and believes that it is relevant for them to set the swap fee.
If this proposal passes: ROWAN:OSMO pool 629 will receive the regular OSMO incentives agreed upon in Proposal 135, have a swap fee of 0.3%, and will be added to the OSMO matched external incentive update proposal through the onboarding process.
External incentive details: Sifchain’s external incentive program will allocate a total of 10 million (10,000,000) ROWAN in external rewards to the pool over a span of 28 epochs. This amounts to ~357,142 ROWAN per epoch in external rewards.
About Sifchain: Sifchain is a Cosmos SDK built DEX that uses continuous liquidity pools to implement pools suitable to limit orders and token swaps alike. As well as being connected to the Cosmos hub via IBC, Sifchain already supports cross-chain transactions for Ethereum ERC-20 tokens.