Proposal Details

Proposal #753

Passed

Proposal title

Remove Incentives from stIBCX pairings

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

96.07%

Proposal #753 description

This proposal would directly remove OSMO incentives from stIBCX pairings. /n/n## Background /nOsmosis governance removed incentives from most pools in Proposal 638. stIBCX maintained incentives due to its recent launch, and due to being composed of other assets that maintained incentives. /n/nstIBCX is the only non-Quote asset currently incentivized by Osmosis in a non-derivative pairing. /n/nAs can be seen in the Incentives Adjustment for March 2024, the Liquidity Provider Fee Subsidy Rate is currently 500%, meaning that these pools are incentivized by 1 OSMO for every 0.2 OSMO of fees paid to LPs. /n/nThese high subsidy rates are intended to be a short-term bootstrapping mechanism and stIBCX has not reached self-sustaining liquidity or volume in six months. Similarly, this lack of volume means that Osmosis is still well below the breakeven point for emissions, spending 15x what is generated from Taker Fees. /n/nAs stIBCX liquidity has stagnated over the past six months, this proposal asks that the Osmosis incentive spend on this grouping be ended as an inefficient spend with no resulting liquidity increase. /n/nForum Thread:https://forum.osmosis.zone/t/remove-incentives-from-stibcx-pairings/2564

Proposal #753 overview

Total votes

18,240

Voters

18,191

Total deposit

1,600 OSMO

Proposal #753 votes

#	Validator	Options
1	PRO Delegators	Yes
2	Simply Staking	Yes
3	Tessellated	Yes
4	Kahuna	Yes
5	Everstake	Yes
6	Quebec	Yes
7	Bro_n_Bro	Abstain
8	Ping	Yes
9	Provalidator	Yes
10	Vitwit (Previously Witval)	Yes
11	Chorus One	Yes
12	Kintsugi Nodes	Yes
13	Allnodes	Yes
14	Zenscape	Abstain
15	Coinage x DAIC	Yes
16	Merkan	Yes
17	Komikuri	Yes
18	POSTHUMAN 🧬 StakeDrop	Yes
19	decomm	Yes
20	Meria	Yes
21	ChainLayer	Yes
22	0base.vc	Yes
23	DSRV	Yes
24	ztake.org	Yes
25	Interop	Abstain
26	Trust Nodes	Abstain
27	blockscape	Yes
28	stake.systems \| autocompound	Yes
29	DAO DAO	Yes
30	Tedcrypto.io 🧸 \| TedLotto	Yes
31	ECO Stake 🌱 \| REStake.app	Yes
32	[SHUTTING DOWN] AUDIT.one	Yes
33	DELIGHT	Yes
34	Nocturnal Labs (deprecated)	Yes
35	Mendel	Yes
36	bryanlabs	Yes
37	coinhall.org	Yes
38	Notional.Ventures	Yes
39	COSMØSTAKE	Yes
40	Stakecito	Yes
41	PoS Node	Yes
42	Kalia Network	Yes
43	Nodeify	Yes
44	AlphaNodes🛸	Yes
45	S16 Research Ventures	Yes
46	Swiss Staking	Yes
47	REDELEGATE I'M SHUTTING HER DOWN	Yes
48	CryptoCrew Validators ✅	Yes
49	Lavender.Five Nodes 🐝	Yes
50	BackBone Labs \| Delegate for $SOUL Claim Drop	Yes
51	Coverlet	Yes
52	Margined Protocol	Yes
53	Informal Systems	Yes
54	Stakewolle.com \|100% Insurance	Yes
55	Silk Nodes	Yes
56	Citadel.one	Yes
57	Please redelegate to 01node new valdiator	Yes
58	Active Nodes	Yes
59	Validatus	Yes
60	IcyCRO 🧊	Yes
61	Moved to Oldcat - airdrop DHK every month, Please redelgate	Yes
62	KingSuper	Yes
63	Cosmostation	Yes
64	SHUTDOWN_SOON	Yes
65	Polaris	Yes
66	NosNode🔮	Yes
67	Nansen	Yes
68	Interstellar Lounge 🍸	Yes
69	The_Cybernetics	Yes
70	GATA HUB	Yes
71	Frens (🤝,🤝)	Yes
72	Cypher Core	Yes
73	Imperator.co	Yes
74	Hathor Node	Abstain
75	Obi	Yes
76	CrowdControl	Yes
77	Stakely.io	Yes
78	Chainflow	Yes
79	SpectrumX	Yes
80	Leonoor's Cryptoman	Yes
81	FreshSTAKING	Yes
82	Please redelegate - Decommissioning	Yes
83	ShapeShift DAO	Yes
84	polkachu.com	Yes
85	WhisperNode 🤐	Yes
86	CommunityStaking	Abstain
87	Chihuahua	Yes
88	Node Guardians	Yes
89	Interbloc	Yes
90	Chill Validation	Yes
91	Smart Stake 📈📊	Yes
92	strangelove	Yes
93	AutoStake 🛡️ Slash Protected	Yes
94	ushakov	Yes
95	Nodes.Guru	Yes

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