Proposal Details
Proposal #2
Proposal title
XPRT on Osmosis - Allocate Community Pool Funds to incentivise XPRT/UST pool liquidity providers on Osmosis
Submit time
Deposit end time
Voting start time
Voting end time
Tally result
Proposal #2 description
This proposal is intended to further bootstrap XPRT liquidity on the Osmosis AMM and make $XPRT one of the most liquid assets on Osmosis to attract more token holders/stakers. Currently on Osmosis, XPRT has paired with ATOM and OSMO tokens. UST being the 3rd most liquid asset on Osmosis and the largest decentralized stablecoin gives the community a variety of options for liquidity provision. Inspiration: https://twitter.com/tushar307/status/1478646048612499460?s=21 By voting YES on this proposal, 530,000 XPRT from the community pool will be allocated to incentivize the XPRT/UST pool on Osmosis.
By voting NO on this proposal, the community dissents on allocating 530,000 XPRT for incentivizing XPRT/UST pool on Osmosis.
Details Users/LPs bonding their XPRT/UST LP token for 14 days on Osmosis will be incentivized through the community pool’s 530,000 XPRT.
Distribution: ~5888 XPRT/Per day or ~$29,444(@ $5) per day for 90 days.
How it would work:
- The proposal time period will be 21 days
- If the proposal is passed, the funds will be moved to a 2/3 multisig wallet
- The funds will then be deposited on Osmosis AMM, which will be used to incentivize the LPs for 90 Epochs.
Signers of 2/3 Multisig wallet:
- Tushar Aggarwal, Persistence
- Altcoin Psycho, PsychoNode
- James Parillo , Figment Inc. who will perform the IBC transfer and deposit to the Osmosis liquidity gauges, after this point the funds are entirely non-custodial. Wallet Address - persistence1dl9lwzlzu5z6jklgpkmanchz95pmyd4yaxcex9 Effectively the XPRT/UST pool would have the following incentives:
- XPRT bonus incentives 2, Swap fees
- OSMO bonus incentives
With matched incentives in OSMO, this allocation causes the selected pools to reach a targeted bonus of ~200% APR at $10M liquidity in the pool. By supporting this proposal, you will help grow and strengthen XPRT liquidity and to reach the target of being the top 5 liquid assets across the Osmosis Hub.