Proposal Details

Proposal #681

Passed

Proposal title

Remove second stage of USDC incentive migration

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

96.60%

Proposal #681 description

This proposal would redirect the second stage of the USDC incentive migration process to the Community pool.

Background

Proposal 648 called for incentives on the OSMO/USDC.axl pool to be moved to the newly IBC native OSMO/USDC pool in two stages. The second stage occurs with the routine incentive proposal for November 2023.

This proposal asks that these incentives not be added to the OSMO/USDC pool but be redirected to the Community Pool.

The reasoning for this is that the OSMO/USDC Pool currently receives 3,213 OSMO per day, or 29% of all Incentive emissions, and yet has only attached $224k Liquidity despite high incentive rates.

The routine incentives proposal increases this to 5,700 OSMO per day, leading to a more inefficient use of Incentive spend.

This proposal would adjust the pool incentives as if the second migration had not been added by setting the OSMO/USDC incentives to 2,850 OSMO per day and redirecting the excess to the Community pool.

Forum Thread: https://forum.osmosis.zone/t/remove-second-stage-of-usdc-incentive-migration/586)

Proposal #681 overview

Total votes

4,086

Voters

4,042

Total deposit

1,600 OSMO

Proposal #681 votes

#	Validator	Options
1	PRO Delegators	Yes
2	01node	Yes
3	Tessellated	Yes
4	jabbey	Yes
5	Komikuri	Yes
6	Interop	Yes
7	Informal Systems	Yes
8	0base.vc	Yes
9	Tedcrypto.io 🧸 \| TedLotto	Yes
10	KalpaTech	Yes
11	Bro_n_Bro	Yes
12	Quebec	Yes
13	openbitlab	Yes
14	Validatus	Yes
15	Cypher Core	Yes
16	Oni ⛩️	Yes
17	White Marlin Staking	Abstain
18	StakeWithUs	Yes
19	Coinage x DAIC	Yes
20	Everstake	Yes
21	CryptoCrew Validators ✅	Yes
22	Cosmostation	Yes
23	Ping	Yes
24	NosNode🔮	Yes
25	DELIGHT	Yes
26	Vitwit (Previously Witval)	Yes
27	Hathor Node	Abstain
28	DACM	Yes
29	ChainLayer	Yes
30	FreshSTAKING	Yes
31	Notional	Yes
32	The_Cybernetics	Yes
33	Lavender.Five Nodes 🐝	Yes
34	Zenscape	Yes
35	Smart Stake 📈📊	Yes
36	Crypto Assassin	Yes
37	blockscape	Yes
38	Imperator.co	Yes
39	Citadel.one	Yes
40	a41	Yes
41	Chill Validation	Yes
42	vido.info	Yes
43	#decentralizehk - DHK dao	Yes
44	S16 Research Ventures	Yes
45	Provalidator	Yes
46	DOUBLETOP	Yes
47	coinhall.org	Yes
48	DSRV	Yes
49	ztake.org	Yes
50	Interbloc	Yes
51	TaxiStake	Yes
52	GATA HUB	Yes
53	🇨🇭 Vortex.live 🟢	Yes
54	Frens (🤝,🤝)	Yes
55	Leonoor's Cryptoman	Yes
56	ECO Stake 🌱	Yes
57	Chainflow	Yes
58	Obi	Yes
59	Interstellar Lounge 🍸	Yes
60	Stakecito	Yes
61	Allnodes	Yes
62	Trust Nodes	Abstain
63	OmniFlix Network	Yes
64	WhisperNode 🤐	Yes
65	Node Guardians	Yes
66	Coverlet	Yes
67	Active Nodes	Yes
68	Chorus One	Yes
69	KingSuper	Yes
70	Kintsugi Nodes	Yes
71	Meria	Yes
72	Nocturnal Labs	Yes
73	CommunityStaking	Yes
74	AUDIT.one	Yes
75	COSMØSTAKE	Yes
76	Simply Staking	Yes
77	Kalia Network	Yes
78	stake.systems \| autocompound	Yes
79	Stakely.io	Yes
80	Chihuahua	Yes
81	ushakov	Yes
82	in3s.com	No
83	B-Harvest	Yes
84	PoS Node	Yes
85	[Beehive]🇰🇷	Yes
86	POSTHUMAN 🧬 StakeDrop	Yes
87	Forbole	Yes
88	Swiss Staking	Yes
89	defiantlabs	Yes
90	Oldcat	Yes
91	Silk Nodes	Yes
92	polkachu.com	Yes
93	Uncle Ed	Yes
94	AutoStake 🛡️ Slash Protected	Yes
95	Nodes.Guru	Abstain
96	kooltek68	Yes