Proposal #93
Passed on 13 Dec 2021 with 90.5% of the votes for yes.
Yes
90.5%
98.6% without abstain
Veto
0.3%
of votes cast
Ended
13 Dec 2021
90.50%
of votes cast
8.19%
of votes cast
1.02%
of votes cast
0.29%
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 BitSong team for BTSG/OSMO (pool 573), BTSG/ATOM (pool 574) and BTSG/UST (pool 592). External incentives have already begun and will continue for 30 epochs.
By voting YES on this proposal, external BTSG incentives will be matched at ~$12,500 per day, at the current value of $0,25 x BTSG By voting NO on this proposal, external BTSG incentives will NOT be matched at ~$12,500 per day, at the current value of $0,25 x BTSG
Context The BitSong team has provided a first batch of 1,500,000 BTSG across BTSG/OSMO pool 573, BTSG/ATOM pool 574 and BTSG/UST pool 592, amounting to ~$375,000, at the current value of $0,25 x BTSG, over the course of 30 epochs beginning Tuesday, November 30th at 00:00am UTC.
The $BTSG incentives are as follows:
BTSG/OSMO (Pool #573): ~16,666.65btsg per day amounting to ~$4.166,66 at the current value of $0,25 x BTSG BTSG/ATOM (Pool #574): ~16,666.65btsg per day amounting to ~$4.166,66 at the current value of $0,25 x BTSG BTSG/UST (Pool #592): ~16,666.65btsg per day amounting to ~$4.166,66 at the current value of $0,25 x BTSG Therefore, the final ask for the Osmosis incentive match is for ~$12,500 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.