UMEE Incentives for Osmosis Liquidity Pool 641

Description: What is Osmosis? An AMM built on its own IBC enabled chain, Osmosis is currently the largest IBC enabled cross-chain DEX with over ~$1.3B in locked liquidity at time of writing. Osmosis rewards its governance token, $OSMO, to liquidity providers to incentivize bonding liquidity to certain pools. Osmosis has the ability to offer external tokens to pools as additional incentives to encourage organic liquidity. Osmosis will also match the value of any external incentive provided to a liquidity pool, massively increasing the Liquidity Mining rewards on those pools and attracting even more liquidity than either reward program alone.

By voting YES on this proposal, you show support in adding extra UMEE incentives to UMEE/OSMO pool 641.

By voting NO on this proposal, you signal you don’t wish to allocate extra UMEE incentives to UMEE/OSMO pool 641.

Proposal: This is a signaling proposal to request $2,563 total in UMEE per day from the community pool as extra incentives for liquidity provision to the following pool on Osmosis:

UMEE/OSMO (Governance passed for Osmosis incentives).

Incentivizing this pool will bootstrap liquidity during the Osmosis Incentive On-boarding process. This request works out at 13,889 UMEE per day for 30 days. All UMEE used for this liquidity incentives should be matched with an equal value of OSMO incentives (Governance pending). This adds up to $76,876 at the time of writing, in total 416,670 UMEE (based on current market price of $.1845) be allocated in incentives per 1 month (30 days).

About Umee Umee is a cross chain DeFi hub that interconnects between blockchains. As a base layer blockchain, applications and money lego primitives can be built on top of Umee to access cross chain leverage and liquidity.

Website: https://www.umee.cc Twitter: https://twitter.com/Umee_CrossChain