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Proposal #267

Manual Incentive Adjustment - Completely remove incentives for various pools

RejectedUpdate Pool Incentives Proposal

Rejected on 03 Jul 2022: only 13.2% of the decisive votes said yes.

Yes

11.5%

13.2% without abstain

Veto

0.1%

of votes cast

Ended

03 Jul 2022

The ballotvotes cast · final tally
Yes

11.46%

of votes cast

Abstain

13.40%

of votes cast

No

75.01%

of votes cast

Veto

0.13%

of votes cast

This proposal will remove all OSMO incentives for the NON-OSMO pairs of the following assets:

  • MED
  • BCNA
  • HUAHUA
  • UMEE
  • DSM
  • LIKE

In addition, OSMO incentives for ALL pairs will be removed from the following assets:

  • XKI
  • BOOT
  • LUM
  • DEC
  • IXO
  • CHEQ
  • DARC
  • MNTL
  • SWTH
  • DIG
  • VDL
  • MARBLE
  • NETA
  • CRBRUS

On June 20, 2022, the total OSMO emissions were reduced by 33%. This had the immediate effect of lowering staking and LP reward returns. The goals of this proposal are two-fold: first is to remove incentives from the aforementioned pools, freeing up incentives to add to assets that will bring value to OSMO stakers, holders, and LPers. Second, to ignite discussion about the process of awarding incentives in the first place. Notably, these incentives were instituted with minimal to no vetting, by simple goverance vote.

If party wishes to state the case that any given asset or pool should have OSMO incentives, let them demonstrate the merits of their proposition.

Timeline

  1. Submitted28 Jun 2022
  2. Voting started28 Jun 2022
  3. Voting ended03 Jul 2022
  4. Deposit deadline12 Jul 2022

Proposer

Address
Deposit501

Rules

Not recorded for this proposal.