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Proposal #220

Match PSTAKE External Incentives for Pools #648

PassedText Proposal

Passed on 12 May 2022 with 72.1% of the votes for yes.

Yes

72.1%

90.9% without abstain

Veto

0.1%

of votes cast

Ended

12 May 2022

The ballotvotes cast · final tally
Yes

72.06%

of votes cast

Abstain

20.68%

of votes cast

No

7.18%

of votes cast

Veto

0.08%

of votes cast

Proposal Details Match external incentives provided by the PSTAKE team for PSTAKE/OSMO (pool #648), the external incentives will continue for 90 epochs for 14 days bonding period.

  • By voting YES on this proposal, external PSTAKE incentives will be matched at ~$2,222 per day
  • By voting NO on this proposal, external PSTAKE incentives will NOT be matched at ~$2,222 per day

Context The PSTAKE team has allocated 500,000 PSTAKE across PSTAKE/OSMO pool 648 that amounts to ~$200,000 over the course of 90 epochs (Started on 07-05-2022) The PSTAKE incentives are as follows:

  • PSTAKE/OSMO (Pool #648): ~5555 PSTAKE per day amounting to ~$2,222. Therefore, the final ask for the Osmosis incentive match is for ~$2,222 per day.

About [Hidden link] pSTAKE, developed by Persistence, is a liquid staking solution that unlocks the potential of staked PoS assets (e.g. ATOM). PoS token holders can deposit their tokens on the pSTAKE application to mint 1:1 pegged staked representative tokens, which are represented as stkTOKENs (e.g. stkATOM) that can be leveraged to earn staking rewards as well as additional yields.

Timeline

  1. Submitted07 May 2022
  2. Voting started07 May 2022
  3. Voting ended12 May 2022
  4. Deposit deadline21 May 2022

Proposer

Address
Deposit500

Rules

Not recorded for this proposal.