Extend Osmosis STARS incentives to boost liquidity and mitigate slippage

The Stargaze core team proposes to allocate 50,000,000 STARS from the community pool to extend external incentives for the OSMO/STARS and ATOM/STARS and pools on Osmosis. This is beneficial in order to increase liquidity and most importantly to ensure that price slippage is reduced.

This proposal, if passed would distribute the requested LP amount to the same multisig account as Prop #1, which will deploy the funds to the above mentioned pools shortly after the on-chain proposal passes.

The incentive program will last for 180 days and apply to the 14-day gauge. It works out to roughly to:

STARS/OSMO = 30M STARS = 166,666.6667 STARS/day ATOM/STARS = 20M STARS = 111,111.1111 STARS/day

Important:

• These incentives will go live 4/4/2022.
• Retroactive rewards will not go into effect for this proposal.