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Proposal #45

Increase Pool Creation Fee to 100 osmo

PassedParameter Change Proposal

Passed on 06 Oct 2021 with 98.3% of the votes for yes.

Yes

98.3%

99.3% without abstain

Veto

0.0%

of votes cast

Ended

06 Oct 2021

The ballotvotes cast · final tally
Yes

98.35%

of votes cast

Abstain

0.96%

of votes cast

No

0.68%

of votes cast

Veto

0.00%

of votes cast

With the passage of Prop 38 and the successful integration of the Osmosis v4: Berylium Upgrade, the pool creation fee chain parameter has been added to Osmosis. The pool creation fee is currently set to 1 uosmo (essentially $0). This proposal aims to raise the pool creation fee to 100 osmo (~ $575 at time of drafting).

FEE DESTINATION Per existing on-chain parameters the pool creation fee will be sent to the Osmosis community pool.

PURPOSE : Prevent Spam Pool Creation Implementing a 100 osmo pool creation fee will have the practical effect of preventing people from adding very small amounts of liquidity to a pool for the sole purpose of testing the pool creation function and then pulling it out immediately thereafter, leaving behind an abandoned pool with less than $0.01 in TVL.

This will also ensure that any pools added to Osmosis are included for the purpose of adding long-term liquidity to the DEX.

***** COMMONWEALTH PROPOSAL SOURCE ***** [Hidden link]

Separate Proposal will be put forth to approve state cleanup & refunds all pools under $1000 TVL portion of the Commonwealth post.

Timeline

  1. Submitted03 Oct 2021
  2. Voting started03 Oct 2021
  3. Voting ended06 Oct 2021
  4. Deposit deadline17 Oct 2021

Proposer

Address
Deposit500

Rules

Not recorded for this proposal.