Proposals of #57

XPRT Liquidity Bootstrapping (XLB) incentives on Dexter and Osmosis - November 2023

Exec Legacy Content
passed
Expected result
Turnout / Quorum
66.50% / 40.00%
Voting start 2023.11.02 at 17:11:49
Voting end 2023.11.07 at 17:11:49
97.72%
89 753 207 xprt
Yes
0.00%
11 xprt
No
0%
0 xprt
Veto
2.28%
2 091 567 xprt
Abstain

Details

Proposer
persistence1dldf3r8mv...
Total deposit
3 500 xprt
Submit time
2023.11.02 at 17:11:34
Deposit end time
2023.11.03 at 17:11:34

Description

\n\n# XPRT Liquidity Bootstrapping (XLB) incentives on Dexter and Osmosis - November 2023\n\n\n## Context\n\nPersistence Proposal 21 allocated 1M XPRT from the Ecosystem wallet to bootstrap XPRT liquidity on Dexter and Osmosis. So far, 748,700 XPRT tokens (74.87%) 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.\n\nConsidering the above, this proposal suggests keeping the incentives the same as the last cycle and introduce incentives for a new XPRT/USDT pool on Dexter. This suggestion is influenced by three key factors:\n\n\n\n1. Diversifying token incentives to new pools to grow liquidity\n2. Striking a balance between staking and LPing XPRT\n3. Testing the waters with a 30-day period\n\n\n## Proposal\n\nThe next leg of XLB incentives from the Persistence Incentivization Multisig in November 2023 is proposed as follows:\n\n\n\n* Allocate 50,000 XPRT to ATOM/XPRT on Dexter for 7-day LP bonding over 30 days, starting around 9 November 2023\n* Allocate 10,000 XPRT to XPRT/OSMO (Pool #1101) on Osmosis Supercharged Liquidity over 30 days, starting around 13 November 2023\n* Allocate 10,000 XPRT to XPRT/USDT on Dexter for 7-day LP bonding over 30 days, starting after the pool goes live\n\n\n\n\n## Voting\n* By voting YES, you agree with the proposed next leg of XLB incentives on Dexter and Osmosis.\n* By voting NO, you disagree with the proposed next leg of XLB incentives on Dexter and Osmosis.\n* By voting NO WITH VETO, you think this is a SPAM proposal, and the proposal’s creator should lose their deposit.\n* By voting ABSTAIN, you choose not to participate in this proposal’s voting; however, you contribute to the quorum.\n

Votes

Voter
Answer