Proposals of #7

Community Spend Proposal for Liquidity Funding on JUNO/XKI Incentivized Pool

Exec Legacy Content
rejected
Expected result
Turnout / Quorum
24.40% / 33.40%
Voting start 2021.11.24 at 15:11:44
Voting end 2021.11.29 at 15:11:44
30.54%
3 026 252 juno
Yes
44.04%
4 364 626 juno
No
0.08%
7 740 juno
Veto
25.34%
2 511 174 juno
Abstain

Details

logo
Proposer
-
Total deposit
500 juno
Submit time
2021.11.24 at 14:11:33
Deposit end time
2021.12.04 at 14:12:33

Description

This proposal is intended to further bootstrap Juno liquidity on the Osmosis AMM.

By voting YES on this proposal, 250,000 JUNO from the community pool will be allocated to the JUNO/XKI pool on Osmosis.

** Details **

Allocate 250,000 JUNO to LPs on the JUNO/XKI pool Distribution: 1388 JUNO/Per day for 180 days

The Ki Foundation will be matching this proposal with 6,250,000 XKI to LPs on the JUNO/XKI pool. Distribution: 34722 XKI/Per day for 180 days.

Effectively the JUNO/XKI pool would have at least triple incentives:

  1. Juno bonus incentives,
  2. XKI bonus incentives,
  3. Swap fees.

Should proposal #76 pass ( https://www.mintscan.io/osmosis/proposals/76 ), the JUNO/XKI pool would have a unique quadruple incentives:

  1. OSMO bonus incentives,
  2. Juno bonus incentives,
  3. XKI bonus incentives,
  4. Swap fees.

By supporting these benefits, you will help grow the XKI liquidity pools and strengthen both core assets of future DeFi Protocols such as Klub Yield as presented on the Cosmoverse conference ( https://www.youtube.com/watch?v=43i9lHY0E08&t=31148s )

** IMPORTANT **

The requested funds will be sent to a ledger wallet set up and managed by Dimi (juno1x3zhtluc2vlt9n0szynhur06s07f6y609h429r) that will provide technical assistance in the creation of the gauges for incentives, funds will be allocated to the JUNO/XKI pair ONLY when the exact $ amount in bonus incentives is matched by the Ki Foundation.

Should for whatever reason the matching not be possible, requested funds would be deposited back into the Juno community pool.

** About Ki & Klub **

Ki is offering the compliant gateway from the Fiat world to DeFi, through Klub Ki is building DeFi protocols that will live on top of Juno while being operated through interchain accounts of multiple chains.

Website: https://foundation.ki Twitter: https://twitter.com/Ki_Foundation Klub App on the stores: iPhone: https://apps.apple.com/us/app/klub/id1545143892 Android: https://play.google.com/store/apps/details?id=ki.foundation.klub&hl=en_US&gl=US

***** OSMOSIS COMMONWEALTH DISCUSSION THREAD***** https://commonwealth.im/osmosis/proposal/discussion/2737-signaling-proposal-for-xkijuno-incentivized-pool

Votes

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