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• By voting YES on this proposal, OSMO stakers voice their support for bootstrapping WBNB liquidity by manually allocating 0.5% of liquidity incentives to the OSMO/WBNB pool (#840)

• By voting NO on this proposal, OSMO stakers voice their dissent to bootstrapping WBNB liquidity by manually allocating 0.5% of liquidity incentives to the OSMO/WBNB pool (#840)

Details The normal signalling proposal to allocate WBNB incentives would go into effect at the next routine incentives proposal providing incentives on the 20th November. This proposal would provide initial incentives on the 15th November by actioning the following:

• Directly allocating 0.5% of incentives to go to OSMO/WBNB (#840)
• Set Minimum incentives for the OSMO/WBNB (#840) pool of 0.5% for 4 routine proposals to retain this level of liquidity incentives while liquidity is built.

Bootstrapping incentives indicate that Osmosis stakers wish to quickly establish functional liquidity of WBNB to facilitate trading and liquidity flow between Binance Smart Chain and Osmosis via the Axelar bridge.

About WBNB WBNB is the wrapped version of BNB and is the most liquid, volatile asset across Binance Smart Chain DeFi. BNB is used to pay for goods and services on Binance, settle transaction fees on Binance Smart Chain, participate in exclusive token sales and more. Website: [Hidden link]

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