Proposal #70
Passed on 04 Feb 2024 with 95.3% of the votes for yes.
Yes
95.3%
100.0% without abstain
Veto
0.0%
of votes cast
Ended
04 Feb 2024
Asked
1.0M
XPRT
95.35%
of votes cast
4.65%
of votes cast
0.00%
of votes cast
0.00%
of votes cast
[Hidden link] allocated 450,000 XPRT tokens from the community pool for LP incentives on Dexter to bootstrap early liquidity for tokens such as stkATOM, PSTAKE, XPRT, USDC, USDT, and DYDX in the last 9 months.
[Hidden link] (XPRT Liquidity Bootstrapping - XLB) allocated 1M XPRT tokens from the Ecosystem Wallet to bootstrap XPRT liquidity on Dexter and Osmosis.
Traction and LP Incentivization through XPRT has been largely successful. Some of the benefits and data can be seen in the forum discussion [Hidden link].
This is a Persistence One Community Pool spend proposal for 1M XPRT tokens to be used in the next 6 months for:
If the proposal passes, 1M XPRT tokens will be transferred to the [Hidden link], which has spearheaded XLB incentives since its beginning.
Incentives on Dexter will go through governance as Dexter recently adopted XPRT as its default token, a part of which was the need for XPRT governance approvals to add incentives on all Dexter pools. Incentives on other DEXs will be added by the PIM directly using the necessary means.
The PIM will allocate incentives monthly and regularly present updates and insights on the Persistence One Forum. Monthly reward schedules for Dexter and XLB will be published to the broader community for transparency. All transactions from the PIM will, of course, be publicly visible, too.
XPRT’s role as traction in the Persistence One Ecosystem is evident. The suggested amount and period give the community enough time to develop, discuss, and implement more sustainable long-term solutions, while short-term traction is not overlooked.