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	Options
1	Please redelegate - Decommissioning	No
2	ShapeShift DAO	No
3	CrowdControl	No
4	FreshSTAKING	No
5	Redelegate!	No
6	Ethereal Ventures	No
7	Citadel.one	No
8	blockscape	Yes
9	S16 Research Ventures	No
10	Kalia Network	No
11	Chorus One	No
12	COSMØSTAKE	No
13	Provalidator	Abstain
14	ZKV	No
15	Secure Secrets	Yes
16	Smart Stake 📈📊	Abstain
17	Leonoor's Cryptoman	No
18	SG-1	Abstain
19	The_Cybernetics	No
20	Meria	No
21	jabbey	No
22	a41	No
23	PRYZM \| StakeDrop	No
24	StakeLab.zone	No
25	Informal Systems	No
26	Simply Staking	No
27	Node Guardians	Abstain
28	coinhall.org	No
29	Multiplex	No
30	Blockdaemon	No
31	Nansen	No
32	Stakewolle.com \|100% Insurance	No
33	Please redelegate to 01node new valdiator	Yes
34	Interstellar Lounge 🍸	Abstain
35	Silk Nodes	No
36	0base.vc	No
37	CryptoCrew Validators ✅	No
38	AutoStake 🛡️ Slash Protected	No
39	Lavender.Five Nodes 🐝	No
40	Hathor Node	Abstain
41	Astroquirks	No
42	ChainLayer	No
43	OmniFlix Network	Abstain
44	Komikuri	No
45	Coinage x DAIC	Yes
46	Golden Ratio Staking	No
47	Frens (🤝,🤝)	No
48	stake.systems \| autocompound	No
49	Interbloc	No
50	Tessellated	Abstain
51	Cosmostation	Abstain
52	Vitwit (Previously Witval)	No
53	POSTHUMAN 🧬 StakeDrop	No
54	Oldcat - airdrop DHK every month	No
55	Crosnest	No
56	Interop	No
57	Chihuahua	No
58	PLEASE REDELEGATE - Flipside	No
59	Cypher Core	No
60	Bro_n_Bro	No
61	Swiss Staking	No
62	Chill Validation	No
63	WhisperNode 🤐	No
64	[ block pane ]	Abstain
65	Stakely.io	No
66	ECO Stake 🌱 \| REStake.app	No
67	TR-3B ASTRA	No
68	Oni ⛩️	No
69	Stakecito	No
70	NosNode🔮	No
71	White Marlin Staking	No
72	GATA HUB	No
73	Crypto Assassin	No
74	Larry Engineer	No
75	Imperator.co	No
76	Uncle Ed	No
77	Active Nodes	No
78	Notional	No
79	Zenscape	Abstain
80	Kintsugi Nodes	No
81	ushakov	Yes
82	CommunityStaking	Abstain
83	[SHUTTING DOWN] AUDIT.one	Abstain
84	DSRV	Abstain
85	Nocturnal Labs (deprecated)	No
86	Polaris	Yes
87	KingSuper	Abstain
88	Ping	Yes
89	polkachu.com	No
90	PRO Delegators	Abstain

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