Very thoughtful questions.
1 - Totally agree that stSEI would be ideal. However, it appears that Stride won’t be able to onboard the Sei chain and issue stSEI - at least not at launch. Sei is launching without interchain accounts, and that’s requisite for Stride to onboard a chain.
2 - ARC-41 established the framework used to select initial incentivized pools on a new chain, and selecting stATOM-USDC at $411 worth of ASTRO per day is consistent with that framework. I choose $411 by estimating the amout of volume the stATOM on Astroport Sei can expect to generate, based on stATOM volume on other DEXes in the Cosmos.
Technically speaking, the pool only needs to generate $15K average volume per day to achieve the target 1:10 fee to incentive threshold. Considering existing stATOM volume and expected stATOM utility and demand within the Sei ecosystem, I believe the pool will easily achieve this threshold.
Look at it this way: when Astroport launched on Injective, 14,693.18 ASTRO per a day was committed to the Injective ATOM pool (ARC-45). When Astroport launched on Neutron, 23,666 ASTRO per day was committed to the Neutron ATOM pool (ARC-62). But according to this proposal, by partnering with Stride Astroport only needs to commit 12,089 ASTRO per day to the Sei stATOM pool. And keep in mind, since stATOM doesn’t forfeit staking rewards this pool will be more attractive to LPers than an ATOM-USDC pool would, meaning the yield will compress more and incentives will be spent more efficiently.
In my opinion, this is genuinely a very good deal for Astroport.
3 - Nope. This proposal doesn’t take away incentives from any other pools. When Astroport launches on a new chain, new initial incentivized pools are selected. The new incentives for the SEI, ASTRO, stATOM, and USDT pools on Astroport Sei will come from the ASTRO IBC’d to Astroport Sei in ARC-64.
4 - I think everyone is hoping vxASTRO goes online within the next six months - I know I certainly am! This proposal was written with vxASTRO in mind. Technically, this proposal only commits Astroport to providing two months (sixty days) of incentives, at a rate of 12,088 ASTRO per day.
After these sixty days, the Astral Assembly would be free to change the amount of ASTRO it spends on the pool, likely by using the Astroport Incentive Framework. Stride would continue to match ASTRO incentives to the pool for a further one-hundred-and-twenty days (so long as the dollar value of ASTRO going to the pool does not become unreasonably high.)
So after sixty days, Astroport can do whatever it wants with ASTRO incentives directed to the stATOM pool - and Stride will adjust STRD incentives to the pool to continue to match the dollar value of ASTRO incentives. So the proposal is a little open-ended for Astroport, although Stride is committed to matching ASTRO incentives for six months. I’ll edit the prop to make this a little more clear.