Proposal #85
Passed on 09 Dec 2021 with 98.9% of the votes for yes.
Yes
98.9%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
09 Dec 2021
98.91%
of votes cast
1.05%
of votes cast
0.04%
of votes cast
0.00%
of votes cast
Problem Statement
Pool creation on Osmosis was free until Prop #45 passed and this proposal is a follow up, the result of free pool creation was that many scientists decided to run their own experiments with the functionality just to kick the tires on the process after which they would drain the pool of their funds leaving a few droplets of liquidity behind. There are now >=600 pools on Osmosis, most of which are defunct due to the aforementioned early experimentation, this presents unnecessary UI complexity and noise for users with so many extraneous pools happering UX.
Problem Solution
During a future chain upgrade, dissolve all pools with less than $1,000 of TVL by refunding holders of those GAMM-# shares with the constituent tokens and destroy the pool. All existing pools and GAMM shares will retain their current numbers and new pools will continue to be created by incrementing the current max pool number.
NOTE : Any GAMM shares which are IBC'd out of Osmosis would be STUCK if not brought back over to Osmosis before this cleanup!
Proposal
Vote YES -- to signal approval to state cleanup & refund all pools under $1k TVL Vote NO -- to signal dissent and NOT alter state to cleanup any low TVL pools
Commonwealth Discussion [Hidden link]
Osmosis Github Issue [Hidden link]