STARS on Osmosis: Pool incentives to boost liquidity and mitigate slippage

The Stargaze core team proposes to allocate 60,000,000 STARS for ATOM/STARS and OSMO/STARS pools on Osmosis to be paid by the Stargaze community pool. 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 multi-sig account as Prop #1, which will deploy the funds to the above mentioned pools on 1/14/2022 to coincide with the regular incentives provided by Osmosis.

The incentive program will last for 90 days and works out to roughly:

STARS/ATOM = 333,333.33 STARS/day STARS/OSMO = 333,333.33 STARS/day

The members of the multi-sig will include:

• James Parillo, Figment
• Shane Vitarana, Stargaze
• Cosmostation

Important:

• These incentives will go live on 1/14/2022.
• Retroactive rewards will not go into effect for this proposal.