Continue UMEE Incentives for Osmosis Pools #641 & #643

Description As an AMM built on its own IBC enabled chain, Osmosis is currently the largest IBC enabled cross-chain DEX with a TVL of over $1.7b at time of writing. Osmosis rewards its native 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 can 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 continuing UMEE incentives to UMEE/OSMO pool #641 & ATOM/UMEE pool #643.

By voting NO on this proposal, you signal that you don’t wish to continue UMEE incentives to UMEE/OSMO pool #641 & ATOM/UMEE pool #643.

Proposal This is a signaling proposal to request 5,000,000 UMEE amounting to roughly $425,000 (calculated at $0.085/UMEE) from the community pool as extra incentives for liquidity provision to the following pools on Osmosis:

UMEE/OSMO (Pool #641) = 27,777.78 UMEE per day amounting to ~$2,361

ATOM/UMEE (Pool #643) = 27,777.78 UMEE per day amounting to ~$2,361

This request works out at 55,555.56 UMEE/day for 90 days. Should this proposal pass, Osmosis will be asked to match Umee’s external incentives with OSMO rewards for both pools.