crescent

Prop 37: Fix incorrect text in Proposal #36

This text proposal is to communicate the correct text content of Proposal #36.

Please disregard the farming weights of gov prop#36, the passing of #36 will make on-chain changes as below:

The governance proposal #36 is to initiate reallocation of the current farming plan to accommodate newly incentivized pairs and weight adjustments.

bCRE/IST pair incentivization forum discussion: https://commonwealth.im/crescent-forum/discussion/8884-incentivization-bcreist-pair

CMST/USDC.axl pair incentivization forum discussion: https://commonwealth.im/crescent-forum/discussion/8885-incentivization-cmstusdc

BLD/bCRE pair incentivization forum discussion: https://commonwealth.im/crescent-forum/discussion/8883-incentivization-bldbcre-pair

The Crescent Foundation proposes the following farming weights below::

  • Newly Incentivized Farming Pools
    • bCRE / IST pair: 1%
    • CMST / USDC.axl pair: 1%
    • BLD / bCRE pair: 6%
  • Farming Weight Adjustment
    • Reserve(Module Account): 6% > 3%
    • ATOM/USDC.axl pair : 7% > 4%
    • INJ / bCRE pair : 4% > 2%
  • Unchanged Farming Weights
    • bCRE / CRE pair: 15%
    • USDC.axl / USDC.grv pair: 2%
    • IST / USDC.axl pair: 1%
    • IST / USDC.grv pair: 1%
    • ATOM / USDC.grv pair: 10%
    • ATOM / bCRE pair: 35%
    • GRAV / bCRE pair: 3%
    • CMDX / bCRE pair : 3%
    • bCRE / CMST pair : 1%
    • LUNC/bCRE pair: 6%
    • LUNA/bCRE pair: 6%

Proposal #36 was uploaded with incorrect text, but correct amount of LP farming, so this proposal is uploaded as a TextProposal to fix the text of Proposal #36. Please note that the LP farming amount in Proposal #36 will be still valid.