Proposals of #61

Sunset Liquditiy Incentives for JunoSwap

Exec Legacy Content
passed
Expected result
Turnout / Quorum
92.24% / 33.40%
Voting start 2022.12.01 at 15:12:14
Voting end 2022.12.06 at 15:12:14
89.95%
33 701 464 juno
Yes
0.35%
132 029 juno
No
0.05%
16 884 juno
Veto
9.65%
3 614 760 juno
Abstain

Details

logo
Proposer
-
Total deposit
1 000 juno
Submit time
2022.12.01 at 14:12:57
Deposit end time
2022.12.11 at 14:12:57

Description

Sunset Liquditiy Incentives for JunoSwap\n\nThe prop 14 multi-sig currently has 1 Million (Roughly 2~ Million $) Juno in funds left in the multi-sig.\n\nProp 14 originally assigned 3 Million Juno to the incentivization multi-sig in order help booststrap the first AMM on Juno ie. JunoSwap.\n\nJunoSwap has been bootstrapped and it is now time to better make use of the remaining funds in order to amplify liquidity on its major pairs across Cosmos, enabling better interoperability and collaboration with other projects.\n\nBy approving this proposal all the incentives for pools JUNO/ATOM JUNO/RAW JUNO/USDC will be interrupeted, and funds will stay in the multisig until new direction from community and waiting for other Dex protocols to deploy.\n\n## Timeline\n\nIncentives on JUNO/RAW will be stopped December 12th\n\nIncentives on JUNO/USDC and JUNO/ATOM will be stopped January 1st\n\n## What can I do with my liquidity if proposal passes?\n\n- Continue providing liquidity on Junoswap and earn rewards + Swap Fees\n\n- Unbond your liquidity, wait the unbonding time, and move it to Osmosis or any other DEX to earn their rewards + Swap Fees\n\n- Migrate your LP tokens onto WYND DEX in accordance to the migration plan, no unbonding required. More info here.\n\n## Vote\n\nBy voting YES you agree that Prop 14 incentives should be removed on JunoSwap according to the timetable above.\n\nBy voting NO you signal that Prop 14 incentives should continue to stay as is.\n\nBy voting ABSTAIN, you formally decline to vote either for or against the proposal.\n\nVoting NOWITHVETO expresses that you would like to see depositors penalized by revocation of their proposal deposit, and contributes towards an automatic 1/3 veto threshold\n\n

Votes

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