Proposal Details
Proposal #34
Proposal title
Additional incentives for XPRT liquidity on Osmosis
Submit time
Deposit end time
Voting start time
Voting end time
Tally result
Proposal #34 description
Context
The allocation of 1M XPRT from the Ecosystem wallet to ‘Persistence Incentivisation Multisig’ for incentivizing XPRT liquidity in Cosmos was passed in Proposal 21.
Consequently, the Persistence Community participated in a forum discussion that proposed a phased approach instead of allocating the entire 1M XPRT up front & was consequently passed in Proposal 22. As part of that, 166,667 XPRT were added as LP incentives on the XPRT/OSMO (Pool #15) for 45 days. When the incentives went live, the pool had a liquidity of ~$197K with 324,540 XPRT & 115,976 OSMO as constituents. At the time of posting this, the pool has a liquidity of ~$268K with 771,332 XPRT & 241,860 OSMO, a ~35% growth in $ value of liquidity at the current market prices of XPRT & OSMO. This incentive plan ended on 31 May 2023.
Proposal
Considering the above growth in XPRT liquidity on Osmosis, this proposal suggests allocating 128,700 XPRT from the Persistence Incentivization Multisig to the XPRT/OSMO (Pool #15) on Osmosis for 14-day LP bonding over 90 days. These suggested incentives strike a balance between making LPing in the XPRT-OSMO pool on Osmosis an interesting alternative opportunity to staking XPRT and keeping liquidity bootstrapping incentives sustainable for longer periods of time.
Voting
- By voting YES, you agree with the proposed XPRT Incentives on Osmosis to bootstrap XPRT liquidity.
- By voting NO, you disagree with the proposed XPRT Incentives on Osmosis 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.