Proposal #235
Passed on 25 May 2022 with 99.0% of the votes for yes.
Yes
99.0%
99.7% without abstain
Veto
0.0%
of votes cast
Ended
25 May 2022
99.01%
of votes cast
0.66%
of votes cast
0.33%
of votes cast
0.00%
of votes cast
By voting YES on this proposal, OSMO stakers voice their support in enabling Superfluid Staking on the OSMO/DAI (#674), OSMO/USDC (#678) and OSMO/ETH (#704) pools on Osmosis.
By voting NO on this proposal, OSMO stakers voice their dissent in enabling Superfluid Staking on the OSMO/DAI (#674), OSMO/USDC (#678) and OSMO/ETH (#704) pools on Osmosis.
Details This proposal would enable Superfluid Staking in the OSMO/DAI (#674), OSMO/USDC (#678) and OSMO/ETH (#704) pools. These pools are newly incentivised via the Axelar bridge and are growing quickly. They currently contain 7.2% of pooled OSMO in total as follows: OSMO/DAI (#674) - 0.93% OSMO/USDC (#678) - 4.76% OSMO/ETH (#704) - 1.47%
At the current 50% discount rate, this allows a further ~2.7 million OSMO to be used to secure the network through staking, in addition to the ~28.8 million OSMO from the currently enabled pools. This proposal asks whether governance trusts in the stability and security of the Ethereum and Axelar chains sufficiently to allow these tokens to have an influence on Osmosis governance.
DAI is an Ethereum-based stablecoin whose issuance and development is managed by the Maker Protocol and the MakerDAO decentralized autonomous organization. Dai is pegged to the dollar through collateralised minting into smart contract vaults. USD Coin (USDC) is a stablecoin redeemable on a 1:1 basis for US dollars, backed by dollar denominated assets held in segregated accounts with US regulated financial institutions. Ethereum is a global, decentralized platform for money and new kinds of applications.
Commonwealth Thread: [Hidden link]