Proposal #441
Passed on 26 Feb 2023 with 94.1% of the votes for yes.
Yes
94.1%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
26 Feb 2023
94.06%
of votes cast
5.91%
of votes cast
0.02%
of votes cast
0.01%
of votes cast
This proposal is to upgrade the following constant product pools to the new stableswap pool type: stOSMO/OSMO (#833), JUNO/stJUNO (#817), STARS/stSTARS (#810).
The stableswap pool type is more suitable for these liquid staked derivative pools, as the two tokens in each pool are pegged.
The address “osmo1k8c2m5cn322akk5wy8lpt87dd2f4yh9afcd7af,” a multisig controlled by the Stride Foundation, will be used as the scaling factor governor for all three pools. That means that this address will be able to adjust the stToken : token ratio (i.e. peg) where liquidity is concentrated, which is necessary because the peg shifts as the stToken gains value against the token.
The swap fee for all three pools, which is currently 0.3%, will be reduced to 0.05%.
This is a signaling proposal. If approved by Osmosis governance, the pool upgrades will be bundled with the next Osmosis chain upgrade.
See full Commonwealth post here: [Hidden link]
By voting YES on this proposal, OSMO stakers to show their support for upgrading the stOSMO, stJUNO, and stSTARS pools to the stableswap pool type.
By voting NO on this proposal, OSMO stakers voice their dissent for upgrading the stOSMO, stJUNO, and stSTARS pools to the stableswap pool type.