Proposals of #1

Juno on Osmosis - Early pool incentives to mitigate slippage and boost liquidity.

Exec Legacy Content
passed
Expected result
Turnout / Quorum
29.77% / 33.40%
Voting start 2021.10.04 at 22:10:42
Voting end 2021.10.09 at 22:10:42
99.89%
12 078 422 juno
Yes
0.05%
6 309 juno
No
0%
0 juno
Veto
0.06%
7 344 juno
Abstain

Details

logo
Proposer
-
Total deposit
500 juno
Submit time
2021.10.04 at 22:10:42
Deposit end time
2021.10.14 at 22:10:42

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

Voter
Answer