Phase 1 Incentives Distribution for bootstrapping XPRT liquidity
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Tally result
97.91%
Proposal #22 description
The allocation of 1M XPRT from the Ecosystem wallet to ‘Persistence Incentivisation Multisig’ for incentivizing XPRT liquidity in Cosmos was passed in Proposal 21. It also mentioned that any spending would be subject to approval through on-chain governance following prior discussions with the community.
Consequently, the Persistence Community participated in a forum discussion that proposed a phased approach instead of allocating the entire 1M XPRT up front. Considering feedback from the community through multiple channels, the Phase 1 Incentives Distribution is proposed as spending 500K XPRT on Osmosis & Dexter over an initial 45-day period.
If this Phase 1 Incentives Distribution proposal passes, the ‘Persistence Incentivisation Multisig’ will perform the following actions:
Allocate 166,667 XPRT to XPRT/OSMO (Pool #15) on Osmosis for 14-day LP bonding over 45 days, targetted to start around 15 April 2023
Allocate 333,333 XPRT to ATOM/XPRT on Dexter for 7-day LP bonding over 45 days, targetted to start around 1 May 2023
By voting YES, you agree with the proposed Phase 1 Incentives Distribution to bootstrap XPRT liquidity.
By voting NO, you disagree with the proposed Phase 1 Incentives distribution to bootstrap XPRT liquidity.
By voting NO WITH VETO, you think this is a SPAM proposal, and the proposal’s creator should lose their deposit.
By voting ABSTAIN, you choose not to participate in this proposal's voting; however, you contribute to the quorum.
