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Proposal #597

Create Supercharged Pools for ATOM, ETH, USDC and stATOM

PassedCreate Concentrated Liquidity Pools And Linkto CFMM Proposal

Passed on 31 Aug 2023 with 92.9% of the votes for yes.

Yes

92.9%

98.5% without abstain

Veto

0.0%

of votes cast

Ended

31 Aug 2023

The ballotvotes cast · final tally
Yes

92.86%

of votes cast

Abstain

5.68%

of votes cast

No

1.46%

of votes cast

Veto

0.00%

of votes cast

This proposal would create new Supercharged Liquidity pools and add migration links to the existing Classic pools.

  • OSMO/USDC 0.2% Spread, Linked to Pool 678
  • OSMO/ETH 0.2% Spread, Linked to Pool 704
  • OSMO/ATOM 0.2% Spread, Linked to Pool 1
  • stATOM/ATOM 0.3% Spread, Linked to Pool 803

Background

During the rollout period, the creation of Supercharged Liquidity pools is permissioned by governance as established in [Hidden link].

The creation of Migration links is also permissioned by governance and allows users to move liquidity directly from a bonded position in the established Classic pool to a bonded position in the linked Supercharged pool. This allows users to maintain Superfluid Staked full range positions with no disruption to rewards.

A migration link also transfers OSMO incentives provided to the Classic pool to the new Supercharged pool, with liquidity remaining in the Classic pool being treated as a full-range Supercharged position that receives a 5% discount on incentives to encourage migration.

Choice of Pools

This selection of pools covers all pools exempted from creation and migration in [Hidden link] due to liquidity size.

The linked pools represent around 61% of liquidity on Osmosis.

The spread factors match the current spread factors used on the linked Classic pools.

\On passing, this proposal would leave the only natively incentivized pools not migrated:

* Stableswap pools, which are not undergoing migration

  • Those with a Base/Quote 18/6 pattern, which will be proposed after a future upgrade proposal.

While ETH has an exponent of 18 it is the Quote asset in this case, enabled by [Hidden link], allowing the supercharged pool to be created.

It should be noted that migration of incentives only applies to the Osmosis incentives. Existing external incentives on a classic pool will remain in place. This is particularly relevant to the ATOM/stATOM pool.

Forum Thread:[Hidden link]

Timeline

  1. Submitted26 Aug 2023
  2. Voting started26 Aug 2023
  3. Voting ended31 Aug 2023
  4. Deposit deadline09 Sept 2023

Proposer

Address
Deposit1.6K

Rules

Not recorded for this proposal.