VOTING IS LIVE π΄π³οΈπ
After an interesting discussion on
@hicommonwealth open for more than 10 days, our proposal on
@StargazeZone to launch and bootstrap the
$STARS pool is up for voting π
Since Day 1, we've been actively listening to the
@cosmos community to enhance our fully on-chain, open-source, and audited protocol.
Our commitment continues π
π° The initial draft submitted requested 10M STARS.
β‘οΈ After community feedback, the on-chain governance proposal asks for 8M STARS (-20% less)
βΉοΈ The 8M STARS will not be spent, sold nor swapped, but exclusively staked to provide a stable and appealing incentive for STARS holders to engage in regular draws. This sponsorship will provide about ~39k STARS / week.
βοΈ The Stargaze community raised questions about the impact of this governance proposal on the token price and on the APR.
β‘οΈ 39k STARS represent only 0.17% of the weekly trading volume, so the impact is extremely limited.
βΉοΈ Please read the proposal for detailed and quantified answers.
πΈ The Stargaze community wants further alignement for the STARS holders.
β‘οΈ We are open to integrate a revenue share model where the fees collected by Cosmos Millions on the STARS pool would be split between the Lum Network and Stargaze by end of Q1 2024.
βΉοΈ This would give time to base the decisions on the pool's gathered data, as well as time to scope and code the feature.
βοΈ Cosmos currently lacks engaging and user-friendly products.
We are building one our users love:
- 271 unique depositors for 645 total deposits.
- 93% of the Top 30 luckiest winners have deposited less than 5 ATOM:
cosmosmillions.com/winners
π³οΈ Cast your vote π
mintscan.io/stargaze/proposaβ¦
#IBCGang