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:

Reducing token incentive spend while growing liquidity
Striking a balance between staking and LPing XPRT
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	Options
1	UNSTAKE/RE-DELEGATE	Yes
2	[Sunsetting, please redelegate] Informal Systems	Yes
3	CommonwealthCollective.io	Yes
4	Sunsetting - please redelegate	Yes
5	Provalidator	Yes
6	[Sunsetting on July 17 - please redelegate]	Yes
7	[Sunsetting, please redelegate] Forbole	Yes
8	Multiplex	Yes
9	COSMØSTAKE	Yes
10	Crosnest	Yes
11	Coinage x DAIC	Yes
12	Sunsetting - Please redelegate!	Yes
13	👽 Deep Fields	Yes
14	DOUBLETOP	Yes
15	Frens (🤝,🤝)	Yes
16	Stakewolle.com \| Auto-compound	Yes
17	HighStakes.ch \| Daily Airdrops	Yes
18	Allnodes	Yes
19	MaxFoton nodes	Yes
20	NoNameStaking	Yes
21	Atlassian 🤝	Yes
22	StakePool	Yes
23	BlueStake 🚀 \| 100% insurance	Yes
24	Simply Staking: Deactivated	Yes
25	✅ CryptoCrew Validators #IBCgang	Yes
26	QuantNode	Yes
27	Sunsetting - Please redelegate	Yes
28	Smart Stake	Abstain
29	Architect Nodes	Yes
30	IRISnet	Yes
31	Shutting down, please redelegate	Yes
32	Stake&Relax 🦥	Yes
33	Kleomedes	Yes
34	POSITIVA Ultra	Yes
35	Cosmic Validator	Yes
36	Cosmostation	Yes
37	Shutting Down - Redelegate	Yes
38	Redelegate	Yes
39	Stakeflow	Yes
40	Baryon	Yes
41	Shutdown in July \| Please redelegate \| Meria	Yes
42	YTWO FUND shutting down, please redelegate	Yes
43	Please undelegate	Yes
44	ALTER \| pathrock	Yes
45	AUDIT.one	Yes
46	Sunsetting \| Please Undelegate or Redelegate	Yes
47	dForce	Yes
48	Undelegate Please	Yes
49	LoulouCrypto	Yes
50	01node	Yes
51	POSTHUMAN 🧬 StakeDrop	Yes
52	DECOMMISSIONED	Yes
53	Stakely.io - Please Redelegate	Yes
54	polkachu.com	Yes
55	AlxVoy ⚡ ANODE.TEAM	Yes
56	Kitkat by EVIA	Yes
57	Nodes.Guru	Yes

View:

Persistence One