Proposal #681
Passed on 17 Nov 2023 with 96.6% of the votes for yes.
Yes
96.6%
99.5% without abstain
Veto
0.0%
of votes cast
Ended
17 Nov 2023
96.60%
of votes cast
2.92%
of votes cast
0.48%
of votes cast
0.00%
of votes cast
This proposal would redirect the second stage of the USDC incentive migration process to the Community pool.
[Hidden link] called for incentives on the OSMO/USDC.axl pool to be moved to the newly IBC native OSMO/USDC pool in two stages. The second stage occurs with the [Hidden link] for November 2023.
This proposal asks that these incentives not be added to the OSMO/USDC pool but be redirected to the Community Pool.
The reasoning for this is that the [Hidden link] currently receives 3,213 OSMO per day, or 29% of all Incentive emissions, and yet has only attached $224k Liquidity despite high incentive rates.
The routine incentives proposal increases this to 5,700 OSMO per day, leading to a more inefficient use of Incentive spend.
This proposal would adjust the pool incentives as if the second migration had not been added by setting the OSMO/USDC incentives to 2,850 OSMO per day and redirecting the excess to the Community pool.
Forum Thread: [Hidden link])