Proposal Details

Proposal #888

Passed

Proposal title

Reduce incentives on ETH grouping

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

91.70%

Proposal #888 description

This proposal would reduce the incentive emissions allocated to ETH.

Current Liquidity

ETH Liquidity on Osmosis is currently limited. The main ETH/USDC pool has 20k in liquidity, while ETH/BTC has only 8k. Both are incentivized but are failing to attract additional liquidity.

The current emissions to the Volume Splitting Group (VSG) of ETH/BTC and ETH/USDC are 1,956 OSMO per day, a 200%+ subsidy to the swap fees. This is currently the only volatile VSG to which Osmosis emits incentives to at a greater rate than the protocol revenue generated by the grouping.

The lack of ETH liquidity on Osmosis has a subsequent impact on liquidity only connected to ETH, such as the protocol-owned ERC-20 token liquidity, established in Proposal 802, and wstETH liquidity, a premium collateral asset which is currently at cap on Mars.

Requested Incentive Adjustment

Incentives will remain on ETH pairings at a reduced rate of 500/day, an LP fee subsidy level similar to BTC/STABLE of 50%. This will make this Volume Splitting Group break even regarding Protocol Fees generated compared to emissions. Forum Thread:https://forum.osmosis.zone/t/deploy-eth-btc-liquidity-and-reduce-incentives-on-eth/3391

Proposal #888 overview

Total votes

5,766

Voters

5,755

Total deposit

1,600 OSMO

Proposal #888 votes

#	Validator	Options
1	Silk Nodes	Yes
2	Tessellated	Yes
3	Allnodes	Yes
4	Stakewolle.com \|100% Insurance	Yes
5	KalpaTech	Yes
6	Somatic Labs	Yes
7	Stake&Relax 🦥	Yes
8	Nodes.Guru	Yes
9	S16 Research Ventures	Yes
10	blockscape	Yes
11	Keplr	Yes
12	Everstake	Yes
13	Provalidator	Yes
14	Komikuri	Yes
15	DSRV	Yes
16	The_Cybernetics	Yes
17	Crypto Assassin	Yes
18	Validatus	Yes
19	White Whale	Yes
20	Stakecito	Yes
21	Blockdaemon	Yes
22	Dora Factory Closed	Yes
23	Chihuahua	Yes
24	HighStakes.ch \| Daily Airdrops	Yes
25	vido.info	Yes
26	HFA X Defi Dojo	Yes
27	CryptoCrew Validators ✅	Abstain
28	Bro_n_Bro	Yes
29	ShapeShift DAO	Yes
30	Chorus One	Yes
31	Informal Systems	Yes
32	NFTSwitch.xyz \| Delegate for $SOUL Claim Drop	Yes
33	Lavender.Five Nodes 🐝	Yes
34	Swiss Staking	Yes
35	Binary Builders	Yes
36	Frens (🤝,🤝)	Yes
37	AlphaNodes🛸	Yes
38	Chill Validation	Yes
39	Booga Beras	Yes
40	Interstellar Lounge 🍸	Yes
41	ZKV	Abstain
42	Node Guardians	Yes
43	Uncle Ed	Yes
44	Oni ⛩️	Yes
45	ChainLayer	Abstain
46	PoS Node	Yes
47	GATA HUB	Yes
48	Kalia Network	Yes
49	Leonoor's Cryptoman	Yes
50	Stakely.io	Yes
51	Quasar 🤖🧬🧠	Yes
52	PRO Delegators	Abstain
53	bryanlabs	Yes
54	CryptoDungeon	Yes
55	Kleomedes	Yes
56	FreshSTAKING	Yes
57	Meria	Yes
58	Nocturnal Labs	Yes
59	Coinage x DAIC	Yes
60	Active Nodes	Yes
61	Trust Nodes	Abstain
62	Interop	Yes
63	AutoStake 🛡️ Slash Protected	Yes
64	Cosmostation	Yes
65	Vitwit (Previously Witval)	Yes
66	Crosnest	Yes
67	coinhall.org	Yes
68	SpectrumX	Yes
69	Nansen	Yes
70	Polaris	Yes
71	POSTHUMAN 🧬 StakeDrop	Yes
72	Moved to Oldcat - airdrop DHK every month, Please redelgate	Yes
73	Ping	Yes
74	Cypher Core	Yes
75	Mendel	Yes
76	ztake.org	Yes
77	Citadel.one	Yes
78	strangelove	Yes
79	Smart Stake 📈📊	Abstain
80	CrowdControl	Yes
81	polkachu.com	Yes
82	ECO Stake 🌱 \| REStake.app	Yes
83	Imperator.co	Yes
84	Tedcrypto.io 🧸 \| TedLotto	Yes
85	01node	Yes
86	CosmoNibble(Redelegate please)	No
87	CommunityStaking	Abstain
88	Margined Protocol	Yes

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