Proposal 10 rectifies the unintended errors implemented as a result of proposal 6. In addition, this proposal offers a way of compensating those who missed rewards as part of those errors.
The proposal 6 error went uncaught in the governance approval process, and was approved and included on chain. This highlights the need for more tooling and standards being set here for ensuring that any manual adjustments to OSMO pool incentives get much more auditability.
Proposal 9's long form description had an error in the text (but the actual on-chain proposal was correct). Thus, we have re-proposed for full clarity here. Ideally proposal 9 would not pass deposit, but if it did pass, it would have the identical effect of this proposal passing.
Proposal 6 was passed two epochs ago at the time of this proposal's writing. This proposal offers a governance proposal to align the ratios with the proposer's perceived intent of the text in proposal 6, except with the following modification:
The Community pool allocation of LP incentives is lowered from 5% to 1%, with the remaining 4% being distributed evenly across all pools with lower than expected allocations per the text of prop 6. This is namely every incentivized pool, except for the OSMO/ION, ATOM/REGEN, and OSMO/REGEN. This is done as a means of accounting for the lower than expected rewards in the interim, where proposal 6s incentives are live. (As the changed proposal 6 parameters over-diluted other pools) Please note that the baseline 5% of community pool rewards from minting is unchanged, this only affects the stream of LP incentives that are sent to the community pool.
One important thing to remark is that it is plausible that this proposal and proposal 8 both enter their voting period during the same epoch. Per governance rules, whichever one gets passed second will override the other, even if within the same epoch.
The intended distribution after proposal 6 (per the proposer's understanding):
Community pool 5%
ATOM/OSMO 21.773%
ION/OSMO 2.00%
AKT/OSMO 10.886%
AKT/ATOM 10.886%
DVPN/OSMO 6.531%
DVPN/ATOM 6.531%
IRIS/OSMO 1.742%
IRIS/ATOM 1.742%
CRO/OSMO 1.742%
CRO/ATOM 1.742%
XPRT/OSMO 8.709%
XPRT/ATOM 8.709%
REGEN/OSMO 6.00%
REGEN/ATOM 6.00%
This proposal proposes the following (the distribution of 4% from the community pool to non-ION/Regen pools). You derive these numbers by taking the numbers from before, and for non-regen/ion pools, multiplying them by (1 + .04/.81). This is reasoned as distributing 4% across what was previously 81% of the total amount. More decimal points of precision were used for the prior numbers, the following numbers are rounded.
Community pool 1%
pool 1 ATOM/OSMO 22.84%
pool 2 ION/OSMO 2.00%
pool 3 AKT/OSMO 11.42%
pool 4 AKT/ATOM 11.42%
pool 5 DVPN/OSMO 6.86%
pool 6 DVPN/ATOM 6.86%
pool 7 IRIS/OSMO 1.83%
pool 8 IRIS/ATOM 1.83%
pool 9 CRO/OSMO 1.83%
pool 10 CRO/ATOM 1.83%
pool 13 XPRT/OSMO 9.14%
pool 15 XPRT/ATOM 9.14%
pool 22 REGEN/OSMO 6.00%
pool 42 REGEN/ATOM 6.00%
Prop 6 proposed that these be split across lockup lengths by 80% to 1 day, 15% to 7 days, 5% to 14 days. We propose resetting the total number of allocation points to 1 million for simplicity, and using the exact percentages from above.
Then, this parameter change is encoded via the following gauge allocation points (annotated)
Community Pool: 10000
pool 1 ATOM/OSMO gauges 1,2,3: 182720,34260,11420
pool 2 ION/OSMO gauges 4,5,6: 16000,3000,1000
pool 3 AKT/OSMO gauges 7,8,9: 91360,17130,5710
pool 4 AKT/ATOM gauges 10,11,12: 91360,17130,5710
pool 5 DVPN/OSMO gauges 13,14,15: 54880,10290,3430
pool 6 DVPN/ATOM gauges 16,17,18: 54880,10290,3430
pool 7 IRIS/OSMO gauges 19,20,21: 14640,2745,915
pool 8 IRIS/ATOM gauges 22,23,24: 14640,2745,915
pool 9 CRO/OSMO gauges 25,26,27: 14640,2745,915
pool 10 CRO/ATOM gauges 28,29,30: 14640,2745,915
pool 13 XPRT/ATOM gauges 37,38,39: 73120,13710,4570
pool 15 XPRT/OSMO gauges 43,44,45: 73120,13710,4570
pool 22 REGEN/ATOM gauges 64,65,66: 48000,9000,3000
pool 42 REGEN/OSMO gauges 124,125,126: 48000,9000,3000
Check each step of the above derivation. (You can get the gauge ids for the last part by querying the gauge ID via osmosisd query incentives gauge-by-id {number})
Then query the live proposal at osmosisd query gov proposal {number}, and check that the gauge/allocation point mapping is correct.