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Cosmos Hub launches a vote to “allocate 900,000 ATOM to the Osmosis stATOM/ATOM pool”
2023-12-04 13:53:21
Odaily News Cosmos Hub initiated a vote to “allocate 900,000 ATOM to the Osmosis stATOM/ATOM pool”. This proposal aims to increase the liquidity of ATOM by allocating 900,000 ATOM to the stATOM/ATOM pool. The proposal recommends placing 90% of funds in Osmosis’s static liquidity position and 10% in Quasar’s upcoming stATOM/ATOM Dynamic S+ vault to improve long-term efficiency. The above LPing strategy will bring exchange fee-based revenue to the Cosmos Hub community pool. Voting has now begun, with a voting rate of 67.1% for agreeing to the proposal and 6.0% for disagreeing. The voting will end on December 17.