Proposal Details
Proposal #694
Proposal title
Sail with the Whale
Submit time
Deposit end time
Voting start time
Voting end time
Tally result
Proposal #694 description
Sail with the Whale
Proposal Summary
We request the Osmosis Community’s support to intensify the collaboration with the RIDE Group and SAIL with the Whale. We plan to turbocharge Osmosis’ growth, strengthen its ecosystem, and expand the utility of its native token, OSMO. We respectfully ask the community to allocate five million OSMO tokens to RIDE Group’s initiatives. Notably, this is a liquidity injection, not a grant. The community will always control the allocated funds. To further align interests with the community, yet not as part of this proposal, the Migaloo Foundation would like to signal its willingness to engage in an OTC deal with the Osmosis community.
About the RIDE Program
The RIDE Group is a collaborative venture of teams engaged in the White Whale RIDE Program. With a focus on building applications across multiple chains, protocols can mitigate risks associated with blockchains and open access to diverse markets, prosperous communities, liquidity resources, and more. You can find more information about the RIDE Program here.
About the SAIL Program
The SAIL Program, a successor to the RIDE Program, focuses on propelling the growth of blockchain ecosystems. It offers access to crucial applications, expansive communities, and liquidity. Enrolling in the SAIL Program offers premium access to RIDE participants’ offerings and many other benefits. More details are available here.
Benefits of this Collaboration
Joining SAIL ensures sustained support from the RIDE Group and promises growth and enhanced utility for Osmosis. As part of our commitment to growth, our short- to medium-term objectives include the following:
- White Whale will
- Deploy the White Whale Protocol on Osmosis.
- Create an OSMO/ampOSMO and an OSMO/boneOSMO pool on the White Whale Protocol on Osmosis.
- Deploy White Whales arbitrage bots to Osmosis.
- Implement a taker fee, directing 0.1% of all trading volume to OSMO stakers.
- Backbone Labs will
- Deploy its NFT-Marketplace on Osmosis.
- Deploy its p2p NFT Trading Platform on Osmosis.
- Deploy its liquid-staking Protocol on Osmosis.
- Include Osmosis in its $SOUL airdrop.
- Launch multiple NFT collections on Osmosis.
- Eris Protocol will
- Deploy its slow-burn arbitrage protocol on Osmosis.
- Include Osmosis in its $ERIS airdrop.
- Ginkou will
- List ampOSMO and boneOSMO on its lending and borrowing platform on Migaloo.
- Racoon.Bet will
- Deploy Racoon.Bet’s gaming platform and exclusive game(s) on Osmosis.
- Racoon.Bet will direct 1% of its monthly profits to OSMO stakers.
The requested funds will undergo liquid staking and pooling on the White Whale Protocol on Osmosis. Specifically, 1.25 million will be staked via the Eris Protocol, yielding ampOSMO, and another 1.25 million through Backbone Labs, resulting in boneOSMO. The liquid-staked tokens will be combined with the remaining 2.5 million tokens and then placed into liquidity pools. This strategy guarantees that the community controls the funds and that all tokens remain on the White Whale Protocol on Osmosis, boosting its TVL and volume. The taker fee will further ensure that OSMO stakers benefit at every trade.
Call to Action
Embracing the SAIL Program opens doors for unprecedented growth and innovation for Osmosis. It will bring more liquidity, a vibrant ecosystem of builders, and innovative products from LST-stabilizing arbitrage vaults to NFT-FI Systems. We urge the Osmosis community to endorse this proposal, setting the stage for a thriving and innovative future.