Proposal #36
Rejected on 21 Sept 2021: only 15.9% of the decisive votes said yes.
Yes
15.2%
15.9% without abstain
Veto
0.2%
of votes cast
Ended
21 Sept 2021
15.17%
of votes cast
4.72%
of votes cast
79.87%
of votes cast
0.24%
of votes cast
This proposal is to specifically to determine if the Zone approves of implementing the Dual-AMM design concept as the ONLY UST pool structures that should get LP incentivization, with the hope that if it preforms as desired it can be the template for any future stable coins.
Amount & method of calculating LP rewards allocated to these pools should be addressed in a separate standalone proposal if it is to differ from the currently agreed upon onboarding algorithm passed under Prop#13.
The genesis thesis behind this proposal was...to get people thinking about how Osmosis can accomplish much more than is currently possible. We can help spread awareness that Osmosis can build weighted AMMs and pools with more than just two tokens. I also think we can make the pools more efficient...With 2 pools of OSMO/UST, I can shift my position based on how bearish, neutral, or bullish I am on OSMO, by moving liquidity between the low OSMO/high UST and the high OSMO/low UST pools.
**************** READ FULL EXPLANATION OF THE DUAL-AMM CONCEPT ON THE COMMONWEALTH FORUM ****************
[Hidden link]
Cliff Notes, TLDR :
Position OSMO as the default medium of exchange on the AMM (base pair value)
Display Osmosis AMM flexibility of weighted and >2 token pools (80/20 & tri-asset pool)
Promote a healthy concentration of liquidity at low swap fee (pool efficiency)
Reduction of Divergence Loss (a.k.a Impermanent Loss)
Highlight the zone's other Native token which already generates much curiosity & intrigue on social networks. (What is ION?)
If passed, the ONLY UST based pools that should get LP incentives will be the ones with this following configuration.
Pool #1 - 80% OSMO 20% UST 5% ION Pool #2 - 80% UST 20% OSMO 5% ION
.......Pool #1..................Pool #2......
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-----OSMO 80%------|~~~|------UST 80%------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
|-------------------|~~~|-------------------|
||~~~||
|-------------------|~~~|-------------------|
|-----------UST 15%|~~~|~~~~~~~~~~OSMO 15%|
|----------|~~~|----------|
|---------|---------|~~~|---------|---------|
| ION 5% |---------|~~~| ION 5% |---------|
|||~~~|||
---------------Swap Fee (0.1%)---------------