Osmosis Proposal: #844

OSMO LST Support Re-evaluation: September 2024, Close stkOSMO position

Status:

Passed

Yes89.8%

Turnout:51.35%

Quorum:20.00%

Yes: 89.8%

179,454,382 OSMO

No: 0%

31,412 OSMO

No With Veto: 0%

7,166 OSMO

Abstain: 10.2%

20,443,192 OSMO

Voting Period

Proposer

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Deposit End

Submit Time

Description

This proposal would close the static stkOSMO position established in Proposal 771 and return the OSMO to the community pool.

This is due to the developers of stkOSMO changing their focus to Bitcoin liquid staking, as announced here.

This proposal would transfer the stkOSMO position to the Osmosis Liquidity subDAO, which would facilitate removing the liquidity and return it to the Osmosis Community Pool.

Any stkOSMO recovered by this process will be redeemed for OSMO via unstaking and also returned to the Osmosis community pool.