Objective:
This proposal requests 44 million xASTRO tokens from Neutron DAO to equip LiquidSig with the resources to allocate ASTRO incentives effectively, enhancing liquidity of key pairs on Astroport. This allocation aims to reinforce ASTRO’s presence on Astroport and support sustained, healthy liquidity in Neutron’s DeFi ecosystem.
Background:
Given LiquidSig’s successful operations in liquidity enhancement and the recent launch of vxAstro there is a clear need to allocate ASTRO incentives effectively. Neutron DAO received 55M ASTRO with the passing of proposal 13 (https://governance.neutron.org/proposals/A/13). These ASTRO were staked and converted into 52.6M xASTRO with proposal 46 (https://governance.neutron.org/proposals/A/46).
Implementation:
The fund management would operate under LiquidSig’s team with the following guidelines:
- Allocation Strategy - Target top-tier pools and volume-generating pairs to sustain Astroport’s competitive positioning.
- Incentive Distribution - Monthly cycle-based reviews and adjustments to optimize rewards.
With the successful passing of this proposal the proposed 44M xAstro tokens will be staked by LiquidSig into the vxAstro contract and LiquidSig will vote on the pools to receive ASTRO incentives according to its mandate.
LiquidSig:
LiquidSig was created by Proposal A11 to oversee Neutron’s pilot incentives program. Its address is: neutron1tthvu9rswd95a5hjryx9e2k39npnqffmkf6wlxr8qg8586rjvxhsrhvmk3
The committee is composed of the following signers:
Spaydh (Neutron)
Udit (TimeWave)
Rarma (Community Oversight)
Andre (Astroport)
Dane (Mars)
Luisqa (Neutron)
Timeline:
November 1 - Proposal goes on chain
November 14 - LiquidSig receives the xAstro and stakes it into the vxAstro contract
November 30 - LiquidSig has selected the pools that will receive the ASTRO incentives during the next epoch.