Summary
Adjust all alloc_points for all currently incentivized pools according to the suggestions made in the recently posted Incentives Framework and adjust the per block ASTRO rewards to 17.73 ASTRO.
Abstract
About a month ago, we made a post about a new Incentive Framework which is meant to guide the Astroport community in making decisions regarding which pools should receive ASTRO emissions as well as how much to incentivize each of them. This proposal is meant to be the first one that applies the suggestions made in the Incentive Framework:
Note that the table above doesn’t include the bLUNA-LUNA pool which currently has an alloc_point of 6666 and it incorrectly sets alloc_points for LunaX-LUNA and ampLUNA-LUNA. All three pools containing LUNA derivatives will still have alloc_points set to 6666 if this proposal is executed.
Moreover, note that this proposal aims to set the total ASTRO distributed per block to 17.73, down from approximatelly 19 ASTRO per block.
Lastly, if this proposal passes, we intend to post a second ARC 8 weeks after the proposal’s execution. This ARC will aim to reassess ASTRO emissions once again.
Motivation
The main motivation of this proposal is to gauge the community’s sentiment regarding the new Incentive Framework as well as update all alloc_points and the total ASTRO distributed per block according to the suggestions made in the Framework post.
Security Considerations
The main risk associated with this proposal is that alloc_points or the total ASTRO distributed per block may be set incorrectly and a subsequent proposal might be needed to fix the issues.
Governance Action
The executable message for this proposal looks as follows:
[
{
"order": "1",
"msg": {
"wasm": {
"execute": {
"contract_addr": "terra1ksvlfex49desf4c452j6dewdjs6c48nafemetuwjyj6yexd7x3wqvwa7j9",
"msg": "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",
"funds": []
}
}
}
}
]
The decoded version of the msg looks as follows:
{
"setup_pools": {
"pools" : [
[
"terra18mcmlf4v23ehukkh7qxgpf5tznzg6893fxmf9ffmdt9phgf365zqvmlug6",
"1538"
],
[
"terra16esjk7qqlgh8w7p2a58yxhgkfk4ykv72p7ha056zul58adzjm6msvc674t",
"30018"
],
[
"terra1ckmsqdhlky9jxcmtyj64crgzjxad9pvsd58k8zsxsnv4vzvwdt7qke04hl",
"40026"
],
[
"terra1kggfd6z0ad2k9q8v24f7ftxyqush8fp9xku9nyrjcs2wv0e4kypszfrfd0",
"6666"
],
[
"terra1cq22eugxwgp0x34cqfrxmd9jkyy43gas93yqjhmwrm7j0h5ecrqq5j7dgp",
"6666"
],
[
"terra1khsxwfnzuxqcyza2sraxf2ngkr3dwy9f7rm0uts0xpkeshs96ccsqtu6nv",
"11257"
],
[
"terra1h3z2zv6aw94fx5263dy6tgz6699kxmewlx3vrcu4jjrudg6xmtyqk6vt0u",
"6666"
],
[
"terra1ces6k6jp7qzkjpwsl6xg4f7zfwre0u23cglg69hhj3g20fhygtpsu24dsy",
"2152"
]
]
}
}
Disclaimers/Conflicts of Interest
The author is a paid service provider of Delphi Labs Ltd. Additionally, the author has a development stake of ASTRO tokens.
