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Osmosis is the Interchain DEX, which necessitates the purpose of having strong liquidity for many of the top market cap coins./n In order to improve ecosystem economics, we propose an acceleration of the process to diversify the Osmosis liquidity to more stablecoins and major assets outside of just the Cosmos ecosystem./n Recent events have shown a need for further accelerating the timelines for the [Hidden link]) of getting incentives that precede liquidity for such assets./n The recent UST depeg has shown that Osmosis would benefit from having liquidity reserves of multiple stablecoins available./n USDC via the canonical Axelar bridge has recently been incentivised and, left to natural incentive allocation, may take some time to accumulate sufficient liquidity to become an alternative to UST on Osmosis. Incentives were already approved and slated to start on May 14th. This is currently sitting at 30k of liquidity, catering to a 24 hour volume of 2.2 million./n We propose transferring half of the Osmosis Incentives on OSMO/UST (#560) to OSMO/USDC (#678), as this should quickly diversify the stablecoin liquidity on Osmosis whilst continuing to reward UST holders who decide to continue to provide liquidity throughout./n To prevent this change from reverting at the next semi-automatic incentives proposal, a temporary cap will be put in place of a maximum of 15.85% of Osmosis incentives to be allocated to OSMO/UST (#560) and a temporary minimum of 15.85% of Osmosis incentives be allocated to OSMO/USDC (#678). The temporary minimum should last until the May 23rd incentive adjustment (exclusive)./n/n * By voting YES on this proposal, OSMO stakers voice their support for reallocating 50% of incentives on OSMO/UST (#560) to OSMO/USDC (#678)./n/n * By voting NO on this proposal, OSMO stakers voice their dissent for reallocating 50% of incentives on OSMO/UST (#560) to OSMO/USDC (#678)./n/nCommonwealth Thread: [Hidden link]