Observatory
Persistence One
Governance
Proposal #40

Persistence One

Restaking

80

Last synced N/A

Proposal Details

Proposal #40

Passed

Proposal title

Next leg of XPRT Liquidity Bootstrapping (XLB) incentives on Dexter and Osmosis

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

97.00%

Proposal #40 description

Context

Persistence Proposal 21 allocated 1M XPRT from the Ecosystem wallet to bootstrap XPRT liquidity on Dexter and Osmosis. So far, 628,700 XPRT tokens (62.87%) have been used via governance approval. In-depth insights around the use of the incentives, their efficacy, and learnings can be found in the public XPRT Incentives Log

As a result, XPRT is back to being one of the most liquid tokens in Cosmos, with an overall 3X increase in liquidity since the XLB discussion was started. The original goal of Proposal 21 has been achieved.

Considering the above, this proposal suggests an approx. 50% reduction in XLB incentives after the current liquidity incentives end in the coming weeks. This suggestion is also influenced by three other key factors:

  1. Reducing token incentive spend while growing liquidity
  2. Striking a balance between staking and LPing XPRT
  3. Testing the waters with a 30-day period

Proposal

After putting it up for community discussion on the Persistence Forum, the next leg of XLB incentives from the Persistence Incentivization Multisig is proposed as follows:

  • Allocate 55,000 XPRT to ATOM/XPRT on Dexter for 7-day LP bonding over 30 days, starting around 29 August 2023
  • Allocate 21,000 XPRT to XPRT/OSMO (Pool #15) on Osmosis for 14-day LP bonding over 30 days, starting around 7 September 2023

Governance Voting

  • By voting YES, you agree with the proposed next leg of XLB incentives on Dexter and Osmosis.
  • By voting NO, you disagree with the proposed next leg of XLB incentives on Dexter and Osmosis.
  • 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.

Proposal #40 overview

Total votes
347
Voters
343
Total deposit
512 XPRT

Proposal #40 votes

#

Validator

Account Address

Options
1UNSTAKE/RE-DELEGATEYes
2[Sunsetting, please redelegate] Informal SystemsYes
3CommonwealthCollective.ioYes
4Sunsetting - please redelegateYes
5ProvalidatorYes
6[Sunsetting on July 17 - please redelegate]Yes
7[Sunsetting, please redelegate] ForboleYes
8MultiplexYes
9COSMØSTAKEYes
10CrosnestYes
11Coinage x DAICYes
12Sunsetting - Please redelegate!Yes
13👽 Deep FieldsYes
14DOUBLETOPYes
15Frens (🤝,🤝)Yes
16Stakewolle.com | Auto-compoundYes
17HighStakes.ch | Daily AirdropsYes
18AllnodesYes
19MaxFoton nodesYes
20NoNameStakingYes
21Atlassian 🤝Yes
22StakePoolYes
23BlueStake 🚀 | 100% insuranceYes
24Simply Staking: DeactivatedYes
25✅ CryptoCrew Validators #IBCgangYes
26QuantNodeYes
27NansenYes
28Smart Stake 📈📊Abstain
29Architect NodesYes
30IRISnetYes
31Citadel.oneYes
32Stake&Relax 🦥Yes
33KleomedesYes
34POSITIVA UltraYes
35Cosmic ValidatorYes
36CosmostationYes
37Swiss StakingYes
38Active NodesYes
39StakeflowYes
40BaryonYes
41Shutdown in July | Please redelegate | MeriaYes
42YTWOFUNDYes
43Please undelegateYes
44ALTER | pathrockYes
45AUDIT.oneYes
46StakinYes
47dForceYes
48PoS NodeYes
49LoulouCryptoYes
5001nodeYes
51POSTHUMAN 🧬 StakeDropYes
52DECOMMISSIONEDYes
53Stakely.ioYes
54polkachu.comYes
55AlxVoy ⚡ ANODE.TEAMYes
56Kitkat by EVIAYes
57Nodes.GuruYes

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