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Proposal #89

Match CMDX External Incentives for Pools 600 and 601

PassedText Proposal

Passed on 10 Dec 2021 with 94.8% of the votes for yes.

Yes

94.8%

99.9% without abstain

Veto

0.0%

of votes cast

Ended

10 Dec 2021

The ballotvotes cast · final tally
Yes

94.75%

of votes cast

Abstain

5.16%

of votes cast

No

0.09%

of votes cast

Veto

0.00%

of votes cast

Background As established in Osmosis Proposal 47 ([Hidden link]) the matching of external incentives requires a governance vote to add to the incentive model.

** Proposal Details** Match external incentives provided by the Comdex team for CMDX/ATOM (pool 600) and CMDX/OSMO (pool 601). External incentives have already begun and will continue for 90 epochs.

  • By voting YES on this proposal, external CMDX incentives will be matched at ~$72,000 per day
  • By voting NO on this proposal, external CMDX incentives will NOT be matched at ~$72,000 per day

** Context ** The Comdex team has provided 3,000,000 CMDX across CMDX/ATOM pool 600 and CMDX/OSMO pool 601 amounting to ~$6,500,000 over the course of 90 epochs beginning Wednesday, December 8th and 12:00 UTC.

The CMDX incentives are as follows:

  • CMDX/ATOM (Pool #600): ~16667 CMDX per day amounting to ~$36,000
  • CMDX/OSMO (Pool #601): ~16667 CMDX per day amounting to ~$36,000

Therefore, the final ask for the Osmosis incentive match is for ~$72,000 per day.

As passed in Osmosis Proposal 54 [Hidden link], these matched incentives would be in addition to the existing incentives gained from fee subsidies.

COMMONWEALTH DISCUSSION THREAD [Hidden link]

Timeline

  1. Submitted07 Dec 2021
  2. Voting started07 Dec 2021
  3. Voting ended10 Dec 2021
  4. Deposit deadline21 Dec 2021

Proposer

Address
Deposit500

Rules

Not recorded for this proposal.