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As discussed over DM, I feel some clarification here is helpful - It is NOT that i dont think Luna incentives on

@osmosiszone

is not valuable. It absolutely can be.

But I think if the Terra Community Pool is funding incentives, 1) the funds should be spent intelligently to maximize $UST adoption on Osmosis, 2) be done for the right reasons

First off, I think $LUNA incentives should be used to create a matching program for incentives for all pairs that use $UST as a quote currency. As for how much to each pool, think initial pools to be funded should be: OSMO-UST LUNA-UST USDC-UST

4:07 AM · Oct 18, 2021Twitter Web App

And we should absolutely apportion incentives for other pools, such as $XPRT-$UST $REGEN-$UST $AKT-$UST And others. These incentives should be matched dollar for dollar for incentives provided by each project, and should scale as other projects join the ecosystem.

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Thoughts on incentives to $ATOM: I think $OSMO should be in the long term the vol quote currency of Osmosis and $UST the stable quote currency - Having two quote currencies for one dex is simply a waste of capital and is likely going to fragment liq

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Think about what happend to $ETH pairs on most CEXs vs BTC pairs $ATOM pools should exist and should be incentivised, but competing with $OSMO on its own turf for liquidity (or at least incentivised competition) seems to be a waste of capital.

Disclosure: I hold more $ATOM and $OSMO than anyone likely to comment on this thread. Capital efficiency drives my advice to the Terra community, not tribalism. Osmosis should have one vol quote currency, not many.

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$ATOM is by far most important asset in

@cosmos

so as a decently large $OSMO holder I respectfully disagree with your opinion and will use my voting power accordingly

Amen

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Great thoughts and thanks for clarifying. It’s great to see the founders of different chains communicating and expressing a willingness to listen even when opinions differ. I can’t wait to see $UST and $LUNA on Osmosis.

Replying to

Isn't the reason UNI/SUSHI/PCS all dont have any meaningful stablecoin pools other that their basepair, stable-stable and maybe a $BTC-Stable pool to prevent the fragmentation of liquidity you talk about?

Littu Smalfish

@LittuSmalfish