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pSTAKE FinancepSTAKE Financeby0xA646FedeFE428445349924fc4013398618EF49E90xA646…49E9

Allocate Incentives to the PSTAKE/OSMO, stkATOM/ETH and bATOM/ATOM pools from the Incentivisation and Community Development Fund

Voting ended almost 4 years agoSucceeded

This is a follow-up proposal to the previous proposal (Proposal #1)

As the votes for Proposal #1 did not meet the quorum requirements to pass, the pSTAKE team proposes the following improvement to the suggested allocation of PSTAKE incentives from the Incentivisation & Community Development fund towards:

  1. PSTAKE/OSMO pool on Osmosis - 500k PSTAKE for 3 months (90 epochs)
  2. stkATOM/ETH pool on Sushi - 150k PSTAKE for a month
  3. bATOM/ATOM pool on Astroport - 500k PSTAKE tokens for a month.

While the reasoning for 1 and 2 have been explained in the forum post linked to the proposal, below is a short summary of the reasoning behind 3:

pSTAKE will soon be launching a bATOM/ATOM pool on Astroport. bATOM is the first decentralized use case for borrowing UST against ATOM. A deep liquid bATOM/ATOM pool will enable users to easily acquire bATOM from the market to collateralize on Anchor Protocol thus increasing the demand for stkATOM eventually.

Upon acceptance of the proposal, 1,150,000 PSTAKE tokens will be transferred from the Incentivisation and Community Development Fund wallet to the following multi-sig wallet address: 0xf90C522d13641681A8f9f550f511D6bfBE363a69

The multi-sig holders of the wallet are: Tushar Aggarwal - Founder and CEO Mikhil Pandey - Product Lead Pratyaksh Inani - Research Lead

Vote ‘FOR’ to agree with the incentivisation of these three pools with a total of 1,150,000 PSTAKE

Vote ‘AGAINST’ to disagree with the incentivisation of these two pools with a total of 1,150,000 PSTAKE

Off-Chain Vote

For
4.13M PSTAKE99.8%
Against
6.73K PSTAKE0.2%
Abstain
2.19K PSTAKE0.1%
Quorum:166%
Download mobile app to vote

Discussion

pSTAKE FinanceAllocate Incentives to the PSTAKE/OSMO, stkATOM/ETH and bATOM/ATOM pools from the Incentivisation and Community Development Fund

Timeline

Apr 14, 2022Proposal created
Apr 15, 2022Proposal vote started
Apr 22, 2022Proposal vote ended
Oct 26, 2023Proposal updated