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osmo1sunny 🧪
@sunnya97
Weren't LUNA incentives given to past pools on DEXs? Or do you think it should only be for UST stableswap pools (coming soon to
@osmosiszone
)
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@terra_money
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1/ Following the recent @MercurialFi proposal to bring $UST to @solana, the feedback and reception from the community have been amazing. The on-chain proposal is currently past the necessary threshold, meaning that $LUNA rewards for the $UST 3Pool will go live next week.
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Do Kwon 🌕
@stablekwon
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
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Do Kwon 🌕
@stablekwon
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
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Do Kwon 🌕
@stablekwon
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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Do Kwon 🌕
@stablekwon
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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Do Kwon 🌕
@stablekwon
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.
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Do Kwon 🌕
@stablekwon
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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Do Kwon 🌕
@stablekwon
As for the right reasons, it is inappropriate for the OP to claim that providing incentives on Osmosis "exposes Luna to the wider IBC ecosystem."
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Johnny Wyles 🧪
@JohnnyWyles87
Replying to
@stablekwon
@sunnya97
and 2 others
I originally meant "wider IBC" as in the variety rather than size, which missed how far reaching Terra is already. My error. I put forward this proposal to start the discussion which seems to have been achieved! Will continue to refine the Agora post based on feedback.
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