Proposal #590
Passed on 30 Aug 2023 with 97.4% of the votes for yes.
Yes
97.4%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
30 Aug 2023
97.41%
of votes cast
2.59%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
This proposal asks that the incentives program migrates from incentivizing the axlUSDT/OSMO pool to the pools comprising the OSMO/USDT Supercharged pairings created in [Hidden link].
With [Hidden link], Osmosis governance has recognized USDT via Kava as the canonical version of USDT.
This status comes with the promise that the canonical status of USDT will receive higher incentives than the non-canonical version.
This proposal would cause the removal of incentives from the OSMO/axlUSDT pool at the next incentives proposal, removing the pool from the incentives system. As incentives proposals now occur monthly rather than weekly, this will take place in a single proposal, with the passing of this proposal being advanced notice of the change.
The two OSMO/USDT Supercharged pools created in [Hidden link] will be added to the incentives system at the next incentives proposal.
Both pools are added to the incentives system to allow the optimal spread factor to be used from the two options of 0.20% and 0.05%. The pools will therefore be incentivized based on their performance. As there is no bonding period for normal Supercharged liquidity, this should encourage the movement of liquidity between the two pools as required to provide optimal trading liquidity. This represents a movement towards the incentivization of pairs rather than pools. \Forum Thread: [Hidden link]