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:
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