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Proposal #246

Additional Funding for the Osmosis Grants Program

PassedCommunity Pool Spend Proposal

Passed on 03 Jun 2022 with 86.5% of the votes for yes.

Yes

86.5%

99.5% without abstain

Veto

0.0%

of votes cast

Ended

03 Jun 2022

The ballotvotes cast · final tally
Yes

86.50%

of votes cast

Abstain

13.07%

of votes cast

No

0.41%

of votes cast

Veto

0.02%

of votes cast

By voting Yes, the Osmosis Grants Program (“OGP”) will receive an additional 7,500,000 OSMO tokens from the community pool.

By voting No, OSMO holders voice their dissent against the OGP receiving additional funding.

Details

  • Osmosis has an opportunity to recruit high-quality teams experienced in CosmWasm that were previously focused on the Terra ecosystem.

  • Due to OSMO volatility, the USD value of the original OGP budget has decreased from $12M at the time of launch to $2.3M today.

  • Program funds will be managed by the same 7 person multi-sig used for the existing OGP.

Link to the Commonwealth post for more information: [Hidden link]

Timeline

  1. Submitted29 May 2022
  2. Voting started29 May 2022
  3. Voting ended03 Jun 2022
  4. Deposit deadline12 Jun 2022

Proposer

Address
Deposit500

Rules

Not recorded for this proposal.