persistence

Prop 80: Create new STARS,stkSTARS Metastable Pool on Dexter

Proposal

This proposal suggests creating a new STARS/stkSTARS Metastable Pool on Dexter as follows:

Pool Parameters:

  • Pool Type: Metastable Pool

  • Pool Tokens: STARS, stkSTARS

  • Token Weights: 50.00% STARS, 50.00% stkSTARS

  • Pool Liquidity: 11393.859213 STARS,11392.000000 stkSTARS

  • Swap Fee: 0.30%

  • Max Spread: 10.00%

  • Amp Factor: 50

  • Scaling Factor: STARS - 1.00,stkSTARS - 1.00

Reward Schedule:

  • PSTAKE incentives: 70000.00 PSTAKE starting from 3/7/2024 to 4/7/2024

Addtional Message: ## Benefits

  • stkSTARS provides users with a new trading and yield avenue on Dexter.
  • Cements Dexter's position as the home of pSTAKE-issued LST liquidity.
  • Potential increase of on-chain trading activity.
  • Minimal Impermanent Loss for liquidity providers.
  • Building stkSTARS utility will onboard the Stargaze community on Persistence One.

Voting

  • By voting YES you agree with the proposed creation of the new STARS/stkSTARS Metastable Pool on Dexter, following the specified details.
  • By voting NO, you disapprove of the proposed pool creation.
  • By voting ABSTAIN, you contribute to the quorum but formally decline to vote either for or against the proposal.
  • By voting NO WITH VETO, you consider this proposal spam, malicious, or harmful and want the depositors penalised by burning their deposit.