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Proposal #242

Match XPRT External Incentives for XPRT/USDC (pool #719)

PassedText Proposal

Passed on 31 May 2022 with 64.8% of the votes for yes.

Yes

64.8%

86.6% without abstain

Veto

2.2%

of votes cast

Ended

31 May 2022

The ballotvotes cast · final tally
Yes

64.82%

of votes cast

Abstain

25.16%

of votes cast

No

7.82%

of votes cast

Veto

2.20%

of votes cast

Proposal Details Match external incentives provided by the Persistence team for XPRT/USDC (pool #719), the external incentives will continue for 45 epochs for 14 days bonding period.

  • By voting YES on this proposal, external XPRT incentives will be matched at ~$9,866 per day
  • By voting NO on this proposal, external XPRT incentives will NOT be matched at ~$9,866 per day

Context The Persistence team has allocated 300,000 XPRT across XPRT/USDC pool 719 that amounts to ~$440,000 over the course of 45 epochs (Started on 25-05-2022) The XPRT incentives are as follows:

  • XPRT/USDC (Pool #719): ~6,666 XPRT per day amounting to ~$9,866 .

Therefore, the final ask for the Osmosis incentive match is for ~$9,866 per day.

About Persistence Persistence is a Tendermint-based Layer-1 chain designed to be the liquid staking hub for the Proof of Stake economy. It facilitates issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards and also participate in DeFi activities. Persistence ecosystem products are designed to stimulate global liquidity and enable seamless value exchange.

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

Timeline

  1. Submitted26 May 2022
  2. Voting started26 May 2022
  3. Voting ended31 May 2022
  4. Deposit deadline09 Jun 2022

Proposer

Address
Deposit500

Rules

Not recorded for this proposal.