XPRT Liquidity Bootstrapping (XLB) incentives on Dexter and Osmosis - November 2023

Context

Persistence Proposal 21 allocated 1M XPRT from the Ecosystem wallet to bootstrap XPRT liquidity on Dexter and Osmosis. So far, 748,700 XPRT tokens (74.87%) have been used via governance approval. In-depth insights around the use of the incentives, their efficacy, and learnings can be found in the [Hidden link].

Considering the above, this proposal suggests keeping the incentives the same as the last cycle and introduce incentives for a new XPRT/USDT pool on Dexter. This suggestion is influenced by three key factors:

1. Diversifying token incentives to new pools to grow liquidity
2. Striking a balance between staking and LPing XPRT
3. Testing the waters with a 30-day period

Proposal

The next leg of XLB incentives from the [Hidden link] in November 2023 is proposed as follows:

• Allocate 50,000 XPRT to ATOM/XPRT on Dexter for 7-day LP bonding over 30 days, starting around 9 November 2023
• Allocate 10,000 XPRT to XPRT/OSMO (Pool #1101) on Osmosis Supercharged Liquidity over 30 days, starting around 13 November 2023
• Allocate 10,000 XPRT to XPRT/USDT on Dexter for 7-day LP bonding over 30 days, starting after the pool goes live

Voting

• By voting YES, you agree with the proposed next leg of XLB incentives on Dexter and Osmosis.
• By voting NO, you disagree with the proposed next leg of XLB incentives on Dexter and Osmosis.
• By voting NO WITH VETO, you think this is a SPAM proposal, and the proposal’s creator should lose their deposit.
• By voting ABSTAIN, you choose not to participate in this proposal’s voting; however, you contribute to the quorum.