Osmosis Governance: 362 and Beyond

    Osmosis (Osmo) ?

    Osmosis (OSMO) is an automated market maker protocol (AMM) for the ATOM ecosystem. Osmosis was inspired by Balancer and Uniswap and wants to provide tools that go beyond traditional token swaps and offer users DeFi functionality for a cross-chain world. For example, developers can build customized AMMs with sovereign liquidity pools and users can launch liquidity pools with unique parameters like bonding curves and multi-weighted asset pools. That means a liquidity pool does not always have to follow a 50:50 distribution between its assets but can be customized according to the wishes of the party setting up the pool.

    Osmosis's vision is to build a cross-chain native DEX that connects to all Cosmos ecosystem chains. Later, it plans to expand to non-IBC chains like Ethereum and chains similar to Bitcoin. In this fashion, Osmosis will transfer its unique customizability like custom-curve AMMs, dynamic adjustments of swap fees, and multi-token liquidity pools beyond blockchains in the Cosmos ecosystem.

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    Proposal #362: Osmosis Grants Program (OGP) Renewal:

    By voting YES, OSMO stakers signal their support for a 12 month renewal of the Osmosis Grants Program with Reverie continuing as Grants Lead.

    By voting NO, OSMO stakers voice their dissent for a 12 month renewal of the Osmosis Grants Program.

    The Osmosis Grants Program (OGP) has been active for 6 months, and is now looking to renew for an additional 12 months with some changes to the program. The details are outlined below.

    Details

    • The OGP will continue its core objective of issuing grants to contributors that can deliver long-term value to Osmosis.
    • The OGP will add to this objective the incubation of new subDAOs and Strategic Initiatives to tackle protocol functions.
    • Reverie will continue to serve as Grants Lead and is requesting 55,000 USDC and 25,000 OSMO per month in renewed compensation.
    • Reverie will add more transparency through monthly reporting, calls, and other frequent reports.
    • Jeremy Parish and Monetsupply will be added as two new signers on the OGP multi-sig.

    As part of this proposal, the community will have an option to terminate Reverie’s involvement with the OGP after 6 months.

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    Total Number of Votes Anf Voters on Proposal #362 \n

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    From this chart, it is clear that the number of unique voters in proposal No. 362 is 22268 out of the total number of successful votes, which is 24228 votes.

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    In top chart, we have shown the number of voters who have changed their vote more than once. The last 10 proposals have been reviewed. Proposal No. 362 has the highest number of votes changed compared to other proposals with 293 voters who changed their votes.

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    On the left chart, we can the most number of vote changes (more than 22%) was from option “YES” to option “NO” !

    Also, we can see there are 15% of votes that have changed from “NO” to “NO WITH VETO” and on the 3rd rank there are 12% of votes that were changed from “YES to NO WITH VETO”

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    Based on the above charts and as is apparent total voters on this proposal voted "YES". In voting yes, OSMO stakeholder groups show their support for a 12-month renewal of the Osmosis Grants Program, led by Reverie.

    The next rank includes votes cast for this proposal with a "NO" choice.

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    Conclusion:

    According to the above chart and analysis, we reach the following results:

    • In proposal #362, the acceptability (YES votes) was significantly higher among regular users than validator voters
    • Almost 99% of voters did not change their vote after voting but out of those 1% (267) unique vote changers, 93% of them have changed their vote 1 time and only 7% (17 voters) have changed their vote more than once.
    • proposal #362 votes per day are not exceptional compared to the average number of daily votes and voters of other proposals.
    • We can conclude that the majority of votes that changed from "YES" to other options such as No, Abstain or No With Veto on proposal #362 belong to those votes that changed from "YES" to other options.