Osmosis Community Loan
passed
Expected result
—
Turnout / Quorum
11.94% / 20.00%
Voting start 2021.12.14 at 03:12:37
Voting end 2021.12.17 at 03:12:37
100.00%
95 972 087 stars
Yes
0%
0 stars
No
0%
0 stars
Veto
0%
0 stars
Abstain
Details
Proposer
-
Total deposit
1 001 stars
Submit time
2021.12.14 at 00:12:12
Deposit end time
2021.12.28 at 00:12:12
Description
This proposal is a request for a loan of 135,000 OSMO (~$724K) from the Osmosis community treasury to a multi-sig controlled by community members. Stargaze will use this OSMO to launch a 95/5 Liquidity Bootstrapping Pool (LBP) on Osmosis. The members of this multi-sig will include:
- James Parillo, Figment
- Shane Vitarana, Stargaze
- Cosmostation
Based on the LBP mechanics and OSMO volumes, the starting price of STARS will be $0.28. Stargaze will pay back the value of the original loan in STARS once the LBP has ended. There will be a 0.3% swap fee - Osmosis and Stargaze community pools will split the rewards of this fee 50/50.
Osmosis multi-sig public address: osmo1s3unu92e8zv8mfw7n5d4vrgkj9chn7yv0sh8rw Stargaze multi-sig public address: stars1s3unu92e8zv8mfw7n5d4vrgkj9chn7yvnhn27d
Votes
Voter
Answer