Summary:

TFollowing a temperature check with the community, this proposal seeks to fully distribute an exceptional batch of rewards totalling +2,700$ to $COSC holders in the next weekly rewards distribution.

Motivation:

Cosmos Core has a significant $KUJI position of over +27K $KUJI staked since its launch. During this period this position has accumulated a sizeable chunk of non-KUJI assets as rewards both from revenue-share model of FIN (Kujira’s order book) and newly-launched projects that airdropped their tokens to $KUJI stakers (Manta DAO and Unstake Finance). Since Cosmos Core yield strategy only takes into consideration the main staked tokens (Compounding & liquidation of rewards), non-KUJI rewards has grown to over +2700$. These tokens have now been liquidated to $axlUSDC and await distribution to Cosmos Core holders. Following a poll shared in all Atlas community channels, the majority of $COSC holders are in favor of sharing all liquidated rewards in the next weekly batch (in one go). This proposal seeks to take the proposal on-chain, and if passed, proceed to the distribution of rewards as proposed.

Description:

If passed, this proposal will proceed to inject all $axlUSDC generated from liquidating non-$KUJI rewards into Cosmos Core rewards contract. Thus distributing the rewards on the following Monday of the proposal’s passing.

Voting options:

By voting YES to this proposal you agree to distributing all liquidated rewards in the upcoming week on the proposal’s passing. By voting NO to this proposal you do not agree to distributing all liquidated rewards in the upcoming week on the proposal’s passing. By voting No With Veto you deem this proposal harmful to Cosmos Core. By voting abstain you signal your desire to contribute to quorum without a preference toward whether the proposal passes or fails.