Recently, an @osmosiszone governance proposal created a new supercharged liquidity stATOM/ATOM pool.
02 Sep 2023, 14:50
Recently, an @osmosiszone governance proposal created a new supercharged liquidity stATOM/ATOM pool.
While this new pool provides better trade execution for users, the original stATOM/ATOM xyk pool will continue to receive external incentives.
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To be clear, this is the new stATOM pool:
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And this is the old stATOM pool:
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The old stATOM pool continues to serve as the oracle price for stATOM. That means Umee, Shade, Mars, Kujira, Demex, and Tashi depend on the price of stATOM as determined by that pool.
As such, sufficient liquidity in the old stATOM pool is necessary to deter price manipulation. And for that reason, external incentives will continue to be directed at the old pool.
Users who provide liquidity to the new pool will be eligible to receive internal OSMO incentives, but only users in the old pool will receive external incentives.
Within the next few months, the stATOM oracle price source will switch from the old pool to the new pool. At that time, external incentives will likewise be switched to the new pool. This will be clearly communicated in advance.
For more on external incentives to stToken pools, read about the latest Stride Incentive Program here:
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