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Proposal #80

Create new STARS,stkSTARS Metastable Pool on Dexter

PassedExecute Contract

Passed on 07 Mar 2024 with 97.2% of the votes for yes.

Yes

97.2%

100.0% without abstain

Veto

0.0%

of votes cast

Ended

07 Mar 2024

The ballotvotes cast · final tally
Yes

97.16%

of votes cast

Abstain

2.82%

of votes cast

No

0.02%

of votes cast

Veto

0.00%

of votes cast

Proposal

This proposal suggests creating a new STARS/stkSTARS Metastable Pool on Dexter as follows:

Pool Parameters:

  • Pool Type: Metastable Pool

  • Pool Tokens: STARS, stkSTARS

  • Token Weights: 50.00% STARS, 50.00% stkSTARS

  • Pool Liquidity: 11393.859213 STARS,11392.000000 stkSTARS

  • Swap Fee: 0.30%

  • Max Spread: 10.00%

  • Amp Factor: 50

  • Scaling Factor: STARS - 1.00,stkSTARS - 1.00

Reward Schedule:

  • PSTAKE incentives: 70000.00 PSTAKE starting from 3/7/2024 to 4/7/2024

Addtional Message: ## Benefits

  • stkSTARS provides users with a new trading and yield avenue on Dexter.
  • Cements Dexter's position as the home of pSTAKE-issued LST liquidity.
  • Potential increase of on-chain trading activity.
  • Minimal Impermanent Loss for liquidity providers.
  • Building stkSTARS utility will onboard the Stargaze community on Persistence One.

Voting

  • By voting YES you agree with the proposed creation of the new STARS/stkSTARS Metastable Pool on Dexter, following the specified details.
  • By voting NO, you disapprove of the proposed pool creation.
  • By voting ABSTAIN, you contribute to the quorum but formally decline to vote either for or against the proposal.
  • By voting NO WITH VETO, you consider this proposal spam, malicious, or harmful and want the depositors penalised by burning their deposit.

Timeline

  1. Submitted02 Mar 2024
  2. Voting started02 Mar 2024
  3. Voting ended07 Mar 2024
  4. Deposit deadline03 Mar 2024

Proposer

Address
persiste…u3czty
Deposit3.5K

Rules

Not recorded for this proposal.