Proposal Details

Proposal #210

Passed

Proposal title

Incentivizing DOT/STARS Pools on the Pablo DEX

Submit time

Deposit end time

Voting start time

Voting end time

Tally result

52.05%

Proposal #210 description

PROPOSAL The Composable Finance team proposes to allocate 2,000,000 STARS for a DOT/STARS pool on the Pablo Decentralized Exchange (DEX), to be paid for by the Stargaze community pool. These stars will be allocated over 180 days. The DOT/STARS pool is the first time STARS will be available to native DotSama users, thus the goal of this proposal is to attract additional liquidity to the pool. This proposal, if passed, would distribute the requested amount of STARS to the multi-sig account listed below, which will move the funds over to Picasso via its Centauri bridge. These incentives will go live on within a week of receipt. BACKGROUND Polkadot (DOT): Polkadot (DOT), the native token of the Polkadot Network. DOT’s use cases have been previously restricted to DotSama, with its key functions in Polkadot being securing the relay chain and leasing of parachains. However, Composable’s Centauri bridge now allows for the creation of new use cases for DOT in the interchain. This will likely also attract new users (from DotSama) to Cosmos and vice versa. DOT currently holds a market cap of $6,201,293,681, ranking 13th overall amongst networks and holds an average trading volume of $98,502,212 at the time of writing (as per CoinMarketCap). Polkadot has 1.4 million twitter followers, and 81.2 thousand reddit followers. The total value locked across all DotSama parachains is over $125 million. DOT is available on 96 exchanges (as per Coincodex), encompassing most of the major exchanges in the industry, such as Binance, KuCoin, OKX, Huobi Global, and Kraken. Notably, thanks to Composable’s Centauri bridge, DOT can now be exchanged for Cosmos-native assets on both Osmosis and Composable’s Pablo DEX. Thus, DOT is a highly available and popular asset, making it an optimal candidate to put in a liquidity pool with STARS. Centauri: Thanks to Composable Finance’s new Centauri bridge, Cosmos and Polkadot/Kusama are trustlessly connected for the first time. That means that assets can now flow back and forth between these two major ecosystems, opening new opportunities for users to participate and utilize idle assets. Centauri is the first trustless connection between DotSama and the Interchain. This is facilitated by both Composable’s Kusama parachain, Picasso, and the Inter-Blockchain Communication (IBC) Protocol. Resultantly, all 46+ IBC-enabled chains can interoperate with ~80 DotSama parachains, with each ecosystem’s native assets now being able to flow to the other. The Pablo DEX: The Pablo Decentralized Exchange (DEX) is the first trustless and non-custodial cross-ecosystem DEX unifying liquidity across the major ecosystems. Pablo exists on Composable’s Picasso parachain, and leverages the Centauri bridge. Thus, Pablo offers a number of liquidity pools between Cosmos-native and DotSama-native assets. Pablo’s DOT/STARS Pool The DOT/STARS pool on Pablo will enable users to take advantage of newly introduced opportunities to transact between Cosmos and DotSama. This will help facilitate the flow of liquidity and volume between DotSama projects and Cosmos Projects such as Stargaze. Specifically, DOT owners can come to the DOT/STARS pool on Pablo to swap for STARS, which can then be leveraged for use on Stargaze and beyond (and vice versa). Incentivizing this pool aims to attract liquidity in order to onboard new holders and users of STARS from the DotSama ecosystem. Multisig Funds will be received and moved from the Cosmos side using a 2-of-3 multisig handled by: Notional DAO (Development Shop + Validator) Alkedata (Validator) Don Cryptonium (Community Member) at multisig address stars1yfujl2wd6skqudwamk2z3e2f0q96k9urcgfpt8 Voting By voting Yes you agree to allocate 2,000,000 STARS to incentivize STARS/DOT LP on Pablo DEX. By voting No you reject allocating 2,000,000 STARS to incentivize STARS/DOT LP on Pablo DEX.

Proposal #210 overview

Total votes
1,126
Voters
1,109
Total deposit
50,000 STARS

Proposal #210 votes

#

Validator

Account Address

Options
1Kalia NetworkNo
2Golden Ratio StakingNo
3Larry EngineerNo
4CosmostationYes
5PUPMØSNo
6KleomedesAbstain
7Citadel.oneNo
8SpacePotatoAbstain
9dreamstakerNo
10OranG3cluBNo
11FreshSTAKINGNo
12Narwhalidator X ShrimpClubNo
13Frens (🤝,🤝)No
140base.vcYes
15OldcatNo
16Crypto PlantAbstain
17pen.soNo
18StakecitoNo
19Ubik CapitalAbstain
20MultiplexAbstain
21AllnodesAbstain
22CrosnestYes
23Easy 2 StakeAbstain
24White Marlin StakingNo
25Bro_n_BroYes
26Broxa ⚛️ - Ru-Speak Community / SUNREN 🌤️🐳No
27Virtual HiveNo
28Cypher CoreYes
29Inter Blockchain ServicesYes
30STAKECRAFTYes
31Chorus OneYes
32D-StakeNo
33RHINO | 10% to WildlifeNo
34LOA LabsYes
35Coinage x DAICAbstain
36testovichNo
37mahofAbstain
38Empower Validator ♻️ | 20% to plastic waste cleanupsAbstain
39CryptoCrew Validators ✅Abstain
40StakinYes
41Simply StakingNo
42BlueStake 🚀 | 100% insuranceAbstain
43AutoStake 🛡️ Slash ProtectedYes
44rektDAOAbstain
45in/habitants 🌐No
46azstakeYes
47MTnodeYes
48StaketabYes
49Stakewolle.com | Auto-compoundNo
50TuzemYes
51DSRVAbstain
52BlackhoxYes
53ch0pch0pNFTNo
54bloqhubNo
55ArcpoolYes
56KingSuperNo
57kingnodes 👑No
58Army IDsYes
59Smart Stake 📈📊Abstain
60a41Abstain
61🦊 The Silver FoxNo
62NakoTurkYes
63PoS NodeYes
64alkadetaNo
65GraviDAO Community with Slashing ProtectionNo
66CryptoDungeonYes
67Bloclick | autocompound on restakeNo
68POSTHUMAN 🧬 StakeDropYes
69n1stakeYes
70moonsoonYes
71cyberGYes
72SydYes
73Imperator.coYes
74UniqNodesYes
75StakerHouseYes
76MantiCoreYes
77polkachu.comYes
78max999Yes
79ushakovYes
80SGTstakeYes
81InterblocNo
82silentYes
83NotionalYes
84StakeAngleYes
85WhisperNode 🤐Yes
86✪ramuchi.tech✪Yes

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