Proposal #389
Passed on 26 Dec 2022 with 53.0% of the votes for yes.
Yes
53.0%
97.6% without abstain
Veto
0.1%
of votes cast
Ended
26 Dec 2022
53.04%
of votes cast
45.65%
of votes cast
1.19%
of votes cast
0.12%
of votes cast
By voting YES on this proposal, OSMO stakers voice their support for a staged removal of OSMO incentives from pools within the OTHERS and MAJOR/STABLE categories and subsequent abolishment of these categories.
By voting NO on this proposal, OSMO stakers voice their dissent to a staged removal of OSMO incentives from pools within the OTHERS and MAJOR/STABLE categories and subsequent abolishment of these categories.
Details With the addition of the [Hidden link] in [Hidden link], OSMO pools are now the preferred route with the lowest cost in the majority of trades. While non-OSMO pools will still yield profit for LPers from arbitrage trades, they are no longer required in order to give the lowest trade costs for users.
This proposal argues that Osmosis incentives to pools in the OTHERS and MAJOR/STABLE categories are now no longer required by Osmosis and therefore these categories should be removed from the incentives system.
The MAJOR/STABLE category currently receives no incentives, however a pool (482) never had incentives individually removed by governance and so has been decreasing according to the scaling cap weekly.
Affected Pools
If this proposal passes, incentives on the following pools will be removed over two weeks at regular incentive proposals as follows: Week 1 - 50% Week 2 - 0%
Total Emissions: 1.15%
Incentives on the following pools will be removed entirely at the next regular incentive proposal:
Total Emissions: 0.000015%
Any matched incentives are also removed by this proposal, the only active of which is ATOM/STARS which was unintentionally proposed for matching according to the Commonwealth discussion [Hidden link].
Removed emissions will be redirected to the community pool for later use rather than being redistributed.
Commonwealth Thread: [Hidden link]