Juno on Osmosis - Early pool incentives to mitigate slippage and boost liquidity.
Details
Description
The core development team proposes to allocate 1,000,000 JUNO for ATOM/JUNO and OSMO/JUNO pools on Osmosis to be paid by the Juno community pool. This is beneficial in order to increase liquidity and most importantly to ensure that price slippage is reduced. This proposal, if passed would distribute the requested LP amount to the core development multi-sig account, which will deploy the funds to the above mentioned pools on 15/10/2021 to coincide with the regular incentives provided by Osmosis. The prop #1 incentive program will last for 180 days.
JUNO/ATOM = 2777.7 JUNO/day JUNO/OSMO = 2777.7 JUNO/day
Important: These incentives will go live on 15/10/2021. Retroactive rewards will not go into effect for this proposal. Full text on IPFS: https://gateway.pinata.cloud/ipfs/QmcdUNb73fqjxgf7Wq73vxgn4JXBg7dcx1q4KxS9UyFr25
Votes