Proposal #70 Details

Context

Persistence Proposal 13 allocated 450,000 XPRT tokens from the community pool for LP incentives on Dexter to bootstrap early liquidity for tokens such as stkATOM, PSTAKE, XPRT, USDC, USDT, and DYDX in the last 9 months.

Persistence Proposal 21 (XPRT Liquidity Bootstrapping - XLB) allocated 1M XPRT tokens from the Ecosystem Wallet to bootstrap XPRT liquidity on Dexter and Osmosis.

Traction and LP Incentivization through XPRT has been largely successful. Some of the benefits and data can be seen in the forum discussion here.

Proposal

This is a Persistence One Community Pool spend proposal for 1M XPRT tokens to be used in the next 6 months for:

• XPRT Liquidity Bootstrapping on Dexter, Osmosis, and other DEXs in future
• Incentives on all Dexter pools

If the proposal passes, 1M XPRT tokens will be transferred to the Persistence Incentivization Multisig (PIM), which has spearheaded XLB incentives since its beginning.

Adding Incentives

Incentives on Dexter will go through governance as Dexter recently adopted XPRT as its default token, a part of which was the need for XPRT governance approvals to add incentives on all Dexter pools. Incentives on other DEXs will be added by the PIM directly using the necessary means.

Regular Reporting

The PIM will allocate incentives monthly and regularly present updates and insights on the Persistence One Forum. Monthly reward schedules for Dexter and XLB will be published to the broader community for transparency. All transactions from the PIM will, of course, be publicly visible, too.

XPRT’s role as traction in the Persistence One Ecosystem is evident. The suggested amount and period give the community enough time to develop, discuss, and implement more sustainable long-term solutions, while short-term traction is not overlooked.

Voting

• By voting YES, you agree with the proposed 1M XPRT Community Pool spend for incentivizing XPRT liquidity and all Dexter pools.
• By voting NO, you disagree with the proposed 1M XPRT Community Pool spend for incentivizing XPRT liquidity and all Dexter pools.
• By voting NO WITH VETO, you think this is a SPAM proposal, and the proposal’s creator should lose their deposit.
• By voting ABSTAIN, you choose not to participate in this proposal’s voting; however, you contribute to the quorum.