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This proposal would add OSMO incentives directly to the OSMO/(w)FTM pool (#900) consisting of 0.5% of liquidity incentives and maintain this for a period of 4 routine incentive proposals.

Details

The normal signalling proposal to allocate incentives would go into effect at the next routine incentives proposal providing some incentives on the 26th February 2023. This proposal would provide initial incentives on the 21st February by actioning the following:

• Directly allocating 0.5% of incentives to the OSMO/(w)FTM pool (#900)
• Set Minimum incentives for the OSMO/(w)FTM (#900) 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 FTM to facilitate trading and liquidity flow between Fantom and Osmosis via the Axelar bridge.

About Fantom

Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Fantom’s mainnet deployment—Fantom Opera—is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.

Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. This is achieved while remaining permissionless, decentralized, and open-source.

FTM is currently provided on Osmosis via the Axelar bridge.

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