Prop 564: Add PICA/OSMO to External Incentive Matching Program

Details

Osmosis is currently the sole DEX venue for PICA on Cosmos and will continue to be the target venue for ibc-based DotSama assets bridged via Picasso’s transfer protocol, Centauri. Composable has allocated 103,846,153.84 PICA to be used as external liquidity rewards on the PICA/OSMO pool over time.

We propose matching the incentives with OSMO rewards to attract additional Osmosis users and liquidity to the pool.

By voting YES on this proposal, OSMO stakers voice their support for adding the PICA/OSMO pool to the external incentive matching program.

By voting NO on this proposal, OSMO stakers voice their dissent for adding the PICA/OSMO pool to the external incentive matching program.

About Picasso

Picasso network is a substrate based parachain that lives on the Kusama network. Picasso acts as a DeFi hub within the DotSama ecosystem which allows for substrate native dApp deployment as well as the ability to host CosmWasm based applications within its CosmWasm VM. Furthermore, Picasso acts as the network gateway to the Kusama ecosystem through the ability to transfer assets across its IBC-based transfer protocol, Centauri.

Commonwealth Thread: https://gov.osmosis.zone/discussion/12136-add-picaosmo-to-external-incentive-matching-program

Osmosis Community Thread: https://forum.osmosis.zone/t/add-pica-osmo-to-external-incentive-matching-program/98