Proposal Details
Proposal #492
Proposal title
Signalling Proposal for JKL/OSMO Incentivized Liquidity Pool:
Submit time
Deposit end time
Voting start time
Voting end time
Tally result
Proposal #492 description
Signalling Proposal for JKL/OSMO Incentivized Liquidity Pool:
Overview:
In alignment with external incentives delivered by Jackal Protocol, this proposal aims to enhance the JKL/OSMO liquidity pool on Osmosis. The Jackal Protocol will offer 1 million $JKL external incentives over three months. This proposal requests the inclusion of Pool #832 for OSMO incentives for a fixed three-month period relative to the Osmosis incentives allocation process.
By voting YES, you express your support for enabling matched OSMO incentives on the JKL/OSMO (#832) liquidity pool on Osmosis for a three-month period.
Advantages for Osmosis:
The JKL/OSMO liquidity pool has consistently ranked among the top pools in terms of 7-day trading volume and total liquidity for six months. This achievement was made possible despite its limited exposure through the Osmosis Frontier front-end. Ranking within the top 10% of pools in total value locked (TVL) suggests that Osmosis and, ultimately, the Cosmos ecosystem are prepared for a more prominent role for Jackal.
The JKL/OSMO pool (#832) has remained highly profitable since genesis, supported by external incentives from the Jackal Protocol alone. As the ecosystem's only data storage application-specific blockchain, JKL brings unique value to Osmosis users and the broader Cosmos network. With the launch of cloud storage, it's crucial to ensure that users have a more accessible platform for purchasing and trading $JKL. Offering incentives for $JKL on Osmosis, in addition to the external incentives provided by Jackal, can create a mutually beneficial relationship for both ecosystems.
The sustained success of the JKL/OSMO liquidity pool reflects the potential for a fruitful, long-term partnership between Osmosis and Jackal Protocol. By matching the incentives provided by Jackal Protocol, Osmosis can further enhance its platform, draw more users, and solidify its position as a reliable and innovative decentralized exchange.
What is the Jackal Protocol?
The Jackal Protocol is a groundbreaking file storage and sharing protocol, leveraging the power of blockchain technology, the Cosmos SDK, and the Tendermint consensus algorithm to ensure utmost security and control for its users. This innovative protocol enables encrypted storage, tied to an on-chain permission management system that grants users ultimate control over their files. A steadfast commitment to digital privacy and cybersecurity.
By providing an unmatched level of data protection, the Jackal Protocol aims to revolutionize how individuals and enterprises store, share, and manage data in the digital age.
Jackal Protocol website: https://jackalprotocol.com/
Commonwealth thread: https://commonwealth.im/osmosis/discussion/11164-signaling-proposal-for-jklosmo-incentivized-liquidity-pool