Proposal Details

Proposal #516

Rejected

Proposal title

Signaling Proposal for use of ProtoRev Funds

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

64.09%

Proposal #516 description

This proposal intends to be a signaling proposal for use of ProtoRev Funds. Currently, revenue generated from ProtoRev accumulates and sits in a pool untouched and does not benefit the platform.

The accumulated total in the pool is currently made up of the following: ~61,600 OSMO, ~1,200 ATOM, ~2,900 USDC.

See mintscan: https://www.mintscan.io/osmosis/account/osmo17qdmjdumw4xawam4g46gtwzle5rd4zwyfqvvza

This signaling proposal would use the ProtoRev in 2 ways.

1 - OSMO accumulated in the module would be issued to stakers as daily rewards.

2 - All other assets (Atom and USDC to date) would be used to purchase OSMO on a daily basis, and burn the OSMO.

Why?

As we think about current incentives, we have to think about what we are already incentivizing and what we are not incentivizing.

LPers: Earn Swap Fees + Inflation Rewards.

Stakers: Earn transaction fees + Inflation Rewards

Contributors: Earn a lot through Community Pool and Grants Program

Holders: No direct incentive other than speculation around supply shock and potential growth

I would argue that LPers and Contributors are over incentivized, and the community pool is quite large that it is overfunded as well. Holders are probably the least funded user group in the current structure.

I would agree that buying back and burn is minimal at this time, however it is providing a sustainable incentive path for holders, and could create positive feedback loops.

At the same time burning OSMO in the ProtoRev pool does little good as it is out of circulation anyway. The next best option is to issue the OSMO to those most likely to invest in OSMO token itself to incentivize that behavior more. Therefore, we will issue the OSMO to stakers.

Next Steps?

This is only a signaling proposal. If it were to pass, more work would need to be done to chose best method of implementing this plan. This is simply to obtain communities approval to work on such a plan.

More Info

See commonwealth discussion: https://gov.osmosis.zone/discussion/11418-protorev-allocation-june-1st-due-date

Voting

Vote ‘Yes’ if you are in favor of this plan for ProtoRev

Vote ‘No’ if you are against this plan for ProtoRev

Proposal #516 overview

Total votes
3,363
Voters
3,307
Total deposit
1,600 OSMO

Proposal #516 votes

#

Validator

Account Address

Options
1TaxiStakeNo
2ShapeShift DAONo
3CrowdControlNo
4FreshSTAKINGNo
5Redelegate!No
6Ethereal VenturesNo
7Citadel.oneNo
8blockscapeYes
9S16 Research VenturesNo
10Kalia NetworkNo
11Chorus OneNo
12COSMØSTAKENo
13ProvalidatorAbstain
14Zero Knowledge Validator (ZKV)No
15Secure SecretsYes
16Smart Stake 📈📊Abstain
17Leonoor's CryptomanNo
18SG-1Abstain
19The_CyberneticsNo
20MeriaNo
21jabbeyNo
22a41No
23PRYZM | StakeDropNo
24StakeLab.zoneNo
25Informal SystemsNo
26Simply StakingNo
27Node GuardiansAbstain
28coinhall.orgNo
29MultiplexNo
30BlockdaemonNo
31StakeWithUsNo
32Stakewolle.com |100% InsuranceNo
3301nodeYes
34Interstellar Lounge 🍸Abstain
35Silk NodesNo
360base.vcNo
37CryptoCrew Validators ✅No
38AutoStake 🛡️ Slash ProtectedNo
39Lavender.Five Nodes 🐝No
40Hathor NodeAbstain
41AstroquirksNo
42ChainLayerNo
43OmniFlix NetworkAbstain
44KomikuriNo
45Coinage x DAICYes
46Golden Ratio StakingNo
47Frens (🤝,🤝)No
48stake.systems | autocompoundNo
49InterblocNo
50TessellatedAbstain
51CosmostationAbstain
52Vitwit (Previously Witval)No
53POSTHUMAN 🧬 StakeDropNo
54#decentralizehk - DHK daoNo
55CrosnestNo
56InteropNo
57ChihuahuaNo
58PLEASE REDELEGATE - FlipsideNo
59Cypher CoreNo
60Bro_n_BroNo
61Swiss StakingNo
62Chill ValidationNo
63WhisperNode 🤐No
64[ block pane ]Abstain
65Stakely.ioNo
66ECO Stake 🌱No
67TR-3B ASTRANo
68Oni ⛩️No
69StakecitoNo
70NosNode🔮No
71White Marlin StakingNo
72GATA HUBNo
73Crypto AssassinNo
74Larry EngineerNo
75Imperator.coNo
76Uncle EdNo
77Active NodesNo
78NotionalNo
79ZenscapeAbstain
80Kintsugi NodesNo
81ushakovYes
82CommunityStakingAbstain
83AUDIT.oneAbstain
84DSRVAbstain
85Nocturnal LabsNo
86in3s.comYes
87KingSuperAbstain
88PingYes
89polkachu.comNo
90PRO DelegatorsAbstain

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