Prop 6: Allocate Community Pool Funds to incentivise MNTL pool liquidity providers on Osmosis and creation of multi-sig wallet

This proposal is intended to further boost MNTL liquidity on the Osmosis AMM, As part of our ongoing commitment to expanding the accessibility of MNTL to a diversified set of users. Currently, on Osmosis, MNTL is paired with ATOM, OSMO, and USDC tokens.

By voting "YES" on this proposal, 1,500,000 MNTL from the community pool will be allocated to incentivize the MNTL/OSMO pool, 750,000 MNTL to the MNTL/ATOM pool, and 750,000 MNTL to the MNTL/USDC pool on Osmosis.

By voting "NO" on this proposal, the community dissents on allocating the aforementioned allocations to the respective pools on Osmosis.

Details: Users/LPs bonding their $MNTL LP token on Osmosis will be incentivized through the community pool's 3,000,000 MNTL. Distribution: ~50,000 MNTL per day, or ~$610 (@ $0.012) per day for 60 days.

How it would work:

The proposal time period will be 7 days.

If the proposal is passed, the funds will be moved to a 2/3 multisig wallet.

The funds will then be deposited on Osmosis AMM, which will be used to incentivize the LPs for 90 Epochs.

Signers of the 2/3 Multisig wallet:

AsGuard

Citadel.One

Cros-nest

Who will perform the IBC transfer and deposit to the Osmosis liquidity gauges, after this point the funds are entirely non-custodial. Wallet Address:

mantle1xr0clmqtl2yxeq05y8f6az56ugh7lqyvmw6r7g