Proposal #385
Passed on 19 Dec 2022 with 90.4% of the votes for yes.
Yes
90.4%
99.0% without abstain
Veto
0.0%
of votes cast
Ended
19 Dec 2022
90.41%
of votes cast
8.69%
of votes cast
0.87%
of votes cast
0.03%
of votes cast
By voting YES on this proposal, OSMO stakers voice their support for adding WMATIC to the list of assets that receive incentives as a Major token.
By voting NO on this proposal, OSMO stakers voice their dissent to adding WMATIC to the list of assets that receive incentives as a Major token.
Details MATIC is currently the rank 10 cryptocurrency by marketcap with a valuation of around $8.2 Billion, 16 times higher than Osmosis. WMATIC is the wrapped version of this able to be used across Polygon Network DeFi. The majority of trade volume happens on alternative decentralised exchanges for WMATIC and centralised exchanges for MATIC, not on Osmosis. This proposal asks if Osmosis has a strategic interest in attracting more liquidity of WMATIC and so will enable it to access a greater proportion of liquidity incentives.
About WMATIC WMATIC is the wrapped version of MATIC that enables use on the Polygon network. WMATIC is similar in liquidity to WETH as the most liquid, volatile asset across Polygon. Website: [Hidden link]
Commonwealth Thread: [Hidden link]