initia

Prop 31: Increase Minitswap’s Pool Size and Recover Velocity Parameter

0. Info

  • Projects: All L2s whitelisted on Minitswap as of this proposal (BFB, Civitia, Echelon, Intertia, ING Network, Intergaze, Rave, Yominet, Zaar).

1. TL;DR

This proposal asks to increase the Pool Size and Recover Velocity parameters for the main Minitswap pool pair in order to facilitate tighter spreads on INIT instant exits from the L2 to the L1.

Parameter Current Parameter Value New Parameter Value
Pool Size 50000 INIT 150000 INIT
Recover Velocity 25000 INIT / day 75000 INIT / day

2. Proposal Details

Parameter Value Example Description
Pool Size 150000 INIT 100000000000 If set to 100, the pool starts with a virtual balance of 100 INIT and 100 ibcOpInit, used in swap pricing logic (not actual liquidity).
Recover Velocity 75000 INIT / day 1,000,000 See docs for more information.
ANN (Amplification) 20000 6000 Amplification factor used in Minitswap to flatten the bonding curve and reduce slippage. Calculated as An^n100 where n is the number of tokens (typically 2).
Max Ratio 0.7 0.7 See docs for more information.
Recover Param 4 2.5 See docs for more information.

Governance Votes

  • YES – You support whitelisting the Minitswap pools with the parameters provided.
  • NO – You do not support the proposed change.
  • NO WITH VETO – You believe the proposal is harmful, spam, or violates governance principles.
  • ABSTAIN – You choose not to take a position but want your vote counted toward quorum.