Proposal Details

Proposal #891

Passed

Proposal title

Unwind OSMO paired liquidity pools for lower cap assets

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

97.61%

Proposal #891 description

This proposal would dissolve protocol-held OSMO paired pools against non-correlated minor assets to support the strategy of OSMO decoupling.

This strategy aims to increase the independence of OSMO as it moves from the previous routing use case to being primarily used for governance and revenue.

Stable tokens such as USDC and USDT and high market cap tokens that trade primarily against stable tokens are the desired pairings to maintain liquidity.

OSMO Liquidity Pairings Impacted

AXL- $570k

Deployed to Astroport in Proposal 756
Initial liquidity of 650k OSMO, 443k AXL
Current liquidity of 612k OSMO, 477k AXL
While performing acceptably in terms of liquidity ratios, this deployment does not facilitate as much volume as originally predicted in the deployment. The non-protocol liquidity Supercharged pool facilitates around 4 times more volume per unit of liquidity, while the classic pool facilitates similar amounts as the Astroport deployment.
Both assets would be withdrawn and returned to the Community Pool as liquid assets.

WHALE- $64k

Initially Deployed by SAIL DAO
Clawed back from SAIL DAO during Proposal 812
Initial Status: 136.3k OSMO, 5M WHALE
Current Status: 68.6k OSMO, 11.12M WHALE
The WHALE removed from this liquidity position will be returned to SAIL as the original source.
The OSMO will be returned to the Community Pool.

WYND- $1.3k

Token Swap from Proposal 420
Initial Status: 21.7k OSMO, 85k WYND
Current Status: 2.9k OSMO, 734k WYND
52,000 OSMO originally with 26k swapped. Now valued at 3k OSMO.
Both assets would be withdrawn and returned to the community pool, as there are no markets for disposing of the WYND side.

Other - $125

These pools were created during the v17 Software Upgrade to enable direct migration from Superfluid Classic pools to Superfluid Supercharged pools.
They consist of a range of assets that would be added to the relevant Alloy if one is available before being returned to the Osmosis community pool.

Implementation

This proposal would send all liquidity receipts to the Osmosis Liquidity subDAO for action as detailed.

Forum Thread: https://forum.osmosis.zone/t/unwind-osmo-paired-liquidity-pools-for-lower-cap-assets/3412

Proposal #891 overview

Total votes

6,639

Voters

6,623

Total deposit

1,600 OSMO

Proposal #891 votes

#	Validator	Options
1	Oldcat - airdrop DHK every month	Yes
2	Simply Staking	Yes
3	Stakewolle.com \|100% Insurance	Yes
4	Margined Protocol	Yes
5	Chill Validation	Yes
6	Chorus One	Yes
7	Nansen	Yes
8	Booga Beras	Yes
9	Informal Systems	Yes
10	DELIGHT	Yes
11	Quebec	Yes
12	Provalidator	Yes
13	ShapeShift DAO	Yes
14	Bro_n_Bro	Yes
15	Allnodes	Yes
16	bryanlabs	Yes
17	Uncle Ed	Yes
18	S16 Research Ventures	Yes
19	Swiss Staking	Yes
20	Node Guardians	Yes
21	Please redelegate to 01node new valdiator	Yes
22	Stakely.io	Yes
23	Binary Builders	Yes
24	node101	Yes
25	AlphaNodes🛸	Yes
26	Klub Staking	Abstain
27	blockscape	Yes
28	Everstake	Yes
29	Nocturnal Labs	Yes
30	Tessellated	Yes
31	Keplr	Yes
32	Cosmostation	Yes
33	White Whale	Yes
34	Validatus	Yes
35	Dora Factory Closed	Yes
36	Mendel	Yes
37	Leonoor's Cryptoman	Yes
38	DAO DAO	Yes
39	0base.vc	Yes
40	KalpaTech	Yes
41	Coinage x DAIC	Yes
42	DSRV	Abstain
43	Smart Stake 📈📊	Yes
44	GATA HUB	Yes
45	Interstellar Lounge 🍸	Yes
46	Trust Nodes	Abstain
47	Interop	Yes
48	Lavender.Five Nodes 🐝	Yes
49	Chihuahua	Yes
50	Crosnest	Yes
51	HighStakes.ch \| Daily Airdrops	Yes
52	PoS Node	Yes
53	Cypher Core	Yes
54	CryptoDungeon	Yes
55	NFTSwitch.xyz \| Delegate for $SOUL Claim Drop	Yes
56	CrowdControl	Yes
57	Obi	Yes
58	Blockdaemon	Yes
59	vido.info	Yes
60	FreshSTAKING	Yes
61	Oni ⛩️	Yes
62	strangelove	Yes
63	Kleomedes	Yes
64	CryptoCrew Validators ✅	Yes
65	The_Cybernetics	Yes
66	PRO Delegators	Yes
67	ECO Stake 🌱 \| REStake.app	Yes
68	WhisperNode 🤐	Yes
69	Citadel.one	Yes
70	Stake&Relax 🦥	Yes
71	Silk Nodes	Yes
72	Quasar 🤖🧬🧠	Yes
73	Active Nodes	Yes
74	Frens (🤝,🤝)	Yes
75	Meria	Yes
76	Stakecito	Yes
77	OWALLET	Yes
78	Vitwit (Previously Witval)	Yes
79	Polaris	Yes
80	Moved to Oldcat - airdrop DHK every month, Please redelgate	Yes
81	polkachu.com	Yes
82	Kalia Network	Yes
83	CommunityStaking	Abstain
84	AutoStake 🛡️ Slash Protected	Yes
85	Imperator.co	Yes
86	CosmoNibble(Redelegate please)	Yes
87	Tedcrypto.io 🧸 \| TedLotto	Yes

View: