Proposal #499
Passed on 11 May 2023 with 90.5% of the votes for yes.
Yes
90.5%
99.8% without abstain
Veto
0.0%
of votes cast
Ended
11 May 2023
90.54%
of votes cast
9.25%
of votes cast
0.19%
of votes cast
0.02%
of votes cast
This proposal is to enable Superfluid Staking on the SOMM/OSMO (#627) pool on Osmosis.
SOMM/OSMO pool has been on Osmosis since Feb 2022 and currently has 322,167 USD TVL, with ~203,800 OSMO. At the current superfluid risk factor at 50%, superfluid staking would allow a further ~101,900 OSMO to be used to secure the network through staking.
Sommelier is built on the Cosmos SDK to maximize interoperability with other blockchains, and the platform is a reimagined gateway into interchain DeFi. With a bridge in place connecting the Cosmos-based platform to Ethereum, Sommelier will be able to execute strategies across multiple blockchains, opening a wide horizon of possibilities.
Recently, Sommelier recorded +18.8m USD TVL in strategy vaults after the launch of Real-Yield USD & ETH strategies.
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Commonwealth Thread: [Hidden link]