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Proposal #347

Gravity Incentivised Pools

PassedCommunity Pool Spend Proposal

Passed on 19 Oct 2022 with 94.6% of the votes for yes.

Yes

94.6%

99.8% without abstain

Veto

0.1%

of votes cast

Ended

19 Oct 2022

The ballotvotes cast · final tally
Yes

94.61%

of votes cast

Abstain

5.18%

of votes cast

No

0.11%

of votes cast

Veto

0.10%

of votes cast

  • By voting YES on this proposal, OSMO stakers voice their support for distributing GRAV incentives to the OSMO paired pools with WETH.grv (634), USDC.grv (633), USDT.grv (818) and GRAV (625) on Osmosis.

  • By voting NO on this proposal, OSMO stakers voice their dissent for distributing GRAV incentives to the OSMO paired pools with WETH.grv(634), USDC.grv (633), USDT.grv (818) and GRAV (625) on Osmosis.

Distribution of 13,750,000 GRAV tokens currently in the Osmosis community pool with the following amounts for a period of 120 days:

  • WETH.grv/OSMO - 4,000,000 GRAV - Pool #634
  • USDC.grv/OSMO – 3,750,000 GRAV - Pool #633
  • USDT.grv/OSMO – 5,000,000 GRAV – Pool #818
  • GRAV/OSMO – 1,000,000 GRAV - Pool #625

The distribution of these tokens will be handled by a 3/4 multi-sig composed of Johnny Wyles, luisqa from Osmosis community and Paul | SkyNet Validators and Dan | Qwoyn Validator representing the Gravity community.

Multisig address is: osmo1j52d6r4zltd5rzl0cw6sag0u4fsj9e0a2mmf3g

It is important to note that the GRAV/OSMO pool is already receiving incentives, the goal of the GRAV incentives is to help grow it further.

Discussion of proposal on [Hidden link]

Timeline

  1. Submitted14 Oct 2022
  2. Voting started14 Oct 2022
  3. Voting ended19 Oct 2022
  4. Deposit deadline28 Oct 2022

Proposer

Address
Deposit1.6K

Rules

Not recorded for this proposal.