UMEE Incentives for UMEE/UST & ATOM/UMEE Osmosis Pools

What is Osmosis? An AMM built on its own IBC enabled chain, Osmosis is currently the largest IBC enabled cross-chain DEX with over ~$1.7B 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, 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 the following pools: UMEE/UST (pool 642) and ATOM/UMEE (pool 643)

By voting NO on this proposal, you signal you don’t wish to allocate extra UMEE incentives to the following pools: UMEE/UST (pool 642) and ATOM/UMEE (pool 643)

Proposal: This is a signaling proposal to request $6,278 in UMEE per day from the community pool as extra incentives for liquidity provision to the following pools on Osmosis. Each pool will individually receive $3,139 in extra UMEE incentives per day:

UMEE/UST (Governance passed for Osmosis incentives) ATOM/UMEE (Governance passed for Osmosis incentives)

This request works out to 55,556 UMEE per day for 30 days. Each pool will individually receive 27,778 UMEE per day. All UMEE used for these liquidity incentives should be matched with an equal value of OSMO incentives (Governance pending).

This adds up to $188,340 in UMEE at the time of writing, in total 1,666,680 UMEE (based on current market price of $.113) be allocated in incentives per 1 month (30 days) divided equally amongst the UMEE/UST and ATOM/UMEE pools.

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