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Proposal #194

Match External Incentives for UMEE/OSMO and ATOM/UMEE

PassedText Proposal

Passed on 12 Apr 2022 with 75.2% of the votes for yes.

Yes

75.2%

96.7% without abstain

Veto

0.0%

of votes cast

Ended

12 Apr 2022

The ballotvotes cast · final tally
Yes

75.18%

of votes cast

Abstain

22.29%

of votes cast

No

2.50%

of votes cast

Veto

0.03%

of votes cast

Proposal Details Match external incentives provided by the Umee team for UMEE/OSMO (pool #641) & ATOM/UMEE (pool #643) for 90 epochs.

  • By voting YES on this proposal, external UMEE incentives for pools #641 & #643 will be matched with corresponding OSMO rewards.
  • By voting NO on this proposal, external UMEE incentives for pools #641 & #643 will NOT be matched with corresponding OSMO rewards.

Context As established in Umee proposal #12 ([Hidden link]) Umee will be providing 5,000,000 UMEE in external incentives for UMEE/OSMO pools #641 & #643 over the course of 90 epochs starting on April 6th, 2022. This amounted to ~425,000 USD at the time of the proposal (calculated at 0.085 USD per UMEE).

The UMEE incentives are as follows:

  • UMEE/OSMO (Pool #641): 27,777.78 UMEE per day amounting to ~2,361 USD.
  • ATOM/UMEE (Pool #643): 27,777.78 UMEE per day amounting to ~2,361 USD.

About Umee Umee is a cross chain DeFi hub that interconnects between blockchains. As a base layer blockchain, applications and money lego primitives can be built on top of Umee to access cross chain leverage and liquidity. We believe that Umee and Osmosis can complement each other to offer a superior DeFi experience for users of the Cosmos ecosystem.

Website: [Hidden link] Twitter: [Hidden link] Discord: [Hidden link]

Timeline

  1. Submitted06 Apr 2022
  2. Voting started07 Apr 2022
  3. Voting ended12 Apr 2022
  4. Deposit deadline20 Apr 2022

Proposer

Address
Deposit500

Rules

Not recorded for this proposal.