This proposal would dissolve protocol-held OSMO paired pools against non-correlated minor assets to support the strategy of OSMO decoupling.
This strategy aims to increase the independence of OSMO as it moves from the previous routing use case to being primarily used for governance and revenue.
Stable tokens such as USDC and USDT and high market cap tokens that trade primarily against stable tokens are the desired pairings to maintain liquidity.
OSMO Liquidity Pairings Impacted
[Hidden link]- $570k
- Deployed to Astroport in [Hidden link]
- Initial liquidity of [Hidden link]
- Current liquidity of 612k OSMO, 477k AXL
- While performing acceptably in terms of liquidity ratios, this deployment does not facilitate as much volume as originally predicted in the deployment. The non-protocol liquidity Supercharged pool facilitates around 4 times more volume per unit of liquidity, while the classic pool facilitates similar amounts as the Astroport deployment.
- Both assets would be withdrawn and returned to the Community Pool as liquid assets.
[Hidden link]- $64k
- Initially Deployed by SAIL DAO
- Clawed back from SAIL DAO during [Hidden link]
- Initial Status: [Hidden link]
- Current Status: 68.6k OSMO, 11.12M WHALE
- The WHALE removed from this liquidity position will be returned to [Hidden link] as the original source.
- The OSMO will be returned to the Community Pool.
[Hidden link]- $1.3k
- Token Swap from [Hidden link]
- Initial Status: [Hidden link]
- Current Status: 2.9k OSMO, 734k WYND
- 52,000 OSMO originally with 26k swapped. Now valued at 3k OSMO.
- Both assets would be withdrawn and returned to the community pool, as there are no markets for disposing of the WYND side.
Other - $125
- These pools were created during the [Hidden link] to enable direct migration from Superfluid Classic pools to Superfluid Supercharged pools.
- They consist of a range of assets that would be added to the relevant Alloy if one is available before being returned to the Osmosis community pool.
Implementation
This proposal would send all liquidity receipts to the [Hidden link] for action as detailed.
Forum Thread: [Hidden link]