There was a slight misunderstanding about how the incentives work on Osmosis compared to Onomy. The 6 epoch incentives have been loaded, but Onomy was under the impression that would be a delivery every 2 weeks rather than over 6 days.
This prop will get edited before chain, and a new batch loaded to start afterward - it will be 90 days.
The odd trading pattern corresponds with liquidity:
Onomy initially launched back in February and had a huge inflation rate.
Since then, they have cut this back to a more standard level, and their community is really involved in governance: OIP-5: Lower Staking Rewards to Cosmos SDK Default Range (7-20%) - Onomy Improvement Proposals (OIPs) - Onomy Protocol
I haven’t looked at the merits of the chain itself here, so not commenting on that either way.