Prop 245: Lunar Launch Tashi Launch Liquidity Incentives Phase 2

This Discussion is geared towards the second phase of our Lunar Launch program, spanning weeks 4-8. Despite having lower borrowing caps, the initial weeks of Tashi showed that we are able to capture market attention with just three assets, and begin the process of building up the Evmos ecosystem. We are eagerly anticipating Phase 2, where we plan to introduce markets for Wormhole USDT, USDC, wETH, wBTC, Noble's USDC, and stATOM.
Although we still have remaining incentives from the first four weeks, it's essential to exercise caution and prepare for the upcoming weeks. In our previous proposal, we stated the subsequent asks would be 57,333 Evmos per 1 million TVL, multiplied by 1.25, to various proposals. However, the current month presents uncertainties as these markets are just beginning to open up. Considering the traction we've gained so far, we are requesting incentives based on an additional 4 million in TVL. This will be allocated back to the Kava USDT market, the Evmos market and the Atom market which have been used, and the two new USDC and USDT markets, as we have the remaining Evmos from the unlaunched markets to cover the others. It's worth noting that the initial proposal did not account for having two markets for USDC and USDT. As with our prior proposal, any unused incentives will carry over into the subsequent 8-12 week period, reflecting our prudence. This brings our total request to 286,665 Evmos, sustaining us until the beginning of December when we can reassess.
Lunar Launch plays a vital role in the launch of EVMOS v2 within the COSMOS ecosystem. Liquidity mining remains a prevalent practice in emerging ecosystems, and it is instrumental in kickstarting liquidity and activity within such an ecosystem. Our proposal spans a 12-week timeframe, with LM incentives distributed monthly throughout these three months. While we are mindful of the inflationary impact of liquidity mining on tokens, our incentives must be comparatively higher than those of other lending protocols to attract liquidity. We anticipate that the impending Wormhole launch will significantly streamline the process of bringing assets into EVMOS, aligning well with our initiatives.