Proposal #307
Rejected on 11 Aug 2022: 56.0% of the votes were veto, enough to sink it and burn the deposit.
Yes
3.9%
5.0% without abstain
Veto
56.0%
of votes cast
Ended
11 Aug 2022
3.90%
of votes cast
21.35%
of votes cast
18.76%
of votes cast
55.99%
of votes cast
This is a signaling proposal to match external ECH incentives on ECH/OSMO (#747) as per the matching program guidelines established in Osmosis proposals 47, 128 and 133.
Incentives match from Osmosis governance are required to have Echelon (ECH) listed as an asset in the main dapp at app.osmosis.zone (reference PR #212 on the Osmosis assetlist), which also is required for listing the market under the Echelon Coinmarketcap listing. Echelon brings together more than seven blockchains, bringing traffic and new user exposure to Osmosis.
Echelon external incentives are live on pool ECH/OSMO #747 to the value of 10,000,000 ECH over a 180 day period, totaling an average value of ~$100,000 USD or $550 USD (~55,000 ECH) per day. Echelon external incentives are live on pool ECH/USDC #748 to the value of 2,000,000 ECH over a 90 day period, totaling an average value of ~$20,000 USD or $222 USD (~22,000 ECH) per day.
There will be future proposals onchain with ECH to use community pool funding for further incentives, past the end dates of the current live pools.
Echelon is a public Cosmos and EVM compatible blockchain protocol and new ecosystem that bridges DeFi and mass adoption. The Echelon consensus and layer protocols delivers unparalleled speed, scalability, and security. Echelon equally serves as an application-agnostic chain fully interoperable with the Ethereum mainnet, all EVM compatible environments, and other chains via Cosmos IBC. Expectedly, it eases cross-chain transferals of value for both developers and end-users. Echelon also features a custom bridge across six popular EVM blockchains for free (just gas).
Official Website: [Hidden link] Official Dapp: [Hidden link] Restake: [Hidden link] Discord: [Hidden link] CoinMarketCap: [Hidden link]