Prop 389: Remove Non-OSMO pool incentives
- By voting YES on this proposal, OSMO stakers voice their support for a staged removal of OSMO incentives from pools within the OTHERS and MAJOR/STABLE categories and subsequent abolishment of these categories.
* By voting NO on this proposal, OSMO stakers voice their dissent to a staged removal of OSMO incentives from pools within the OTHERS and MAJOR/STABLE categories and subsequent abolishment of these categories.
Details
With the addition of the Osmosis Multihop in v13, OSMO pools are now the preferred route with the lowest cost in the majority of trades. While non-OSMO pools will still yield profit for LPers from arbitrage trades, they are no longer required in order to give the lowest trade costs for users.
This proposal argues that Osmosis incentives to pools in the OTHERS and MAJOR/STABLE categories are now no longer required by Osmosis and therefore these categories should be removed from the incentives system.
The MAJOR/STABLE category currently receives no incentives, however a pool (482) never had incentives individually removed by governance and so has been decreasing according to the scaling cap weekly.
Affected Pools
If this proposal passes, incentives on the following pools will be removed over two weeks at regular incentive proposals as follows:
Week 1 - 50%
Week 2 - 0%
* 498 ATOM\JUNO
* 611 ATOM\STARS
* 585 ATOM\SCRT
* 4 ATOM\AKT
* 10 ATOM\CRO
* 13 ATOM\XPRT
Total Emissions: 1.15%
Incentives on the following pools will be removed entirely at the next regular incentive proposal:
* 482 EEUR\ATOM
Total Emissions: 0.000015%
Any matched incentives are also removed by this proposal, the only active of which is ATOM/STARS which was unintentionally proposed for matching according to the Commonwealth discussion here.
Removed emissions will be redirected to the community pool for later use rather than being redistributed.
Commonwealth Thread: https://commonwealth.im/osmosis/discussion/8541-remove-nonosmo-pool-incentives