Proposal #4802

ampROAR Alliance Asset Proposal

Exec Legacy Content
passed
Expected result
Passed
Turnout / Quorum
128.78% / 30.00%

Voting period

Voting ended100.0%
Voting start 2024.02.21 at 02:33:26
Voting end 2024.02.28 at 02:33:26

Vote distribution

91.17%
404 378 267 LUNA
Yes
3.21%
14 223 188 LUNA
No
0.00%
97 LUNA
Veto
5.62%
24 921 537 LUNA
Abstain

Details

logo
Proposer
terra1kefa2zgjn45ctj3...
Total deposit
512 LUNA
Submit time
2024.02.21 at 02:08:19
Deposit end time
2024.02.28 at 02:08:19

Description

This is a proposal to add the ampROAR token to the Terra blockchain as an Alliance asset, allowing ampROAR holders to stake ampROAR to Terra validators and accrue LUNA staking rewards. ampROAR is an autocompounding liquid staking token of ROAR, the Lion DAO governance token, developed by Eris Protocol who are a prominent LST provider across Cosmos but born on Terra. The proposed reward weight is .004 (A projected 0.36% of LUNA staking rewards) with a 0% take rate and includes a 21 day unbonding period. By adding ampROAR as an alliance asset, this prop seeks to establish a unique role for Lion DAO in promoting the adoption and evolution of the Alliance module for Terra and its community by demonstrating the ability to form internal alliances on a chain to support active projects that bring value to the chain. Lion DAO has demonstrated it's value to the Terra blockchain by having the widest token distribution, deepest liquidity and highest Market Cap of any Terra native token as well as being associated with ~5% of all on-chain txs in the last 12 months. For full details on this proposal, visit https://commonwealth.im/terra/discussion/15355-amproar-alliance-asset-proposal

Votes

Voter
Answer