Dear Osmosis Community,
We humbly present this formal proposal, seeking the community’s approval for the integration of MsgCreateBalancerPool into the list of ICA approved messages on the Osmosis Mainnet. This crucial proposal endeavors to advance the Cosmos ecosystem by providing an efficient and secure method for facilitating liquidity creation and incentivizing community involvement.
The growth of the Cosmos ecosystem has brought forth challenges common to emerging projects striving to establish value, fungibility, and community engagement. A pivotal concern for these ventures is the creation of sufficient and sustainable liquidity, which proves to be particularly daunting for projects without significant financial backing.
Presently, two prevailing strategies address the liquidity challenge: external incentives and internal incentives. While external incentives offer a short-term boost to liquidity by rewarding liquidity providers, they may inadvertently impact long-term sustainability due to potential increases in circulating supply. Conversely, internal incentives, if sanctioned by stakeholders, can also foster liquidity, but their efficacy may diminish over time, especially in the context of a dynamic market environment.
Qwoyn Studios’ Innovative Solution
To overcome these communal hurdles, Qwoyn Studios has diligently developed an innovative on-chain, decentralized solution, aptly named Qwoyn Aquifer. Guided by principles of stability and utility in tokenomics, the Qwoyn Network community will establish a primary liquidity pool anchored to a stable asset, in this case axlUSDC. By mitigating the effects of market fluctuations on the governance token, this approach ensures the token’s value derives from utility and the active participation of stakeholders.
Qwoyn Aquifer Module and MsgCreateBalancerPool
The Qwoyn Aquifer module represents a robust and sustainable liquidity mechanism. It empowers users to acquire $QWOYN tokens by depositing USDC into the module, leveraging an automated IDO-like process with adjustable vesting periods. Subsequently, the deposited USDC is paired with $$QWOYN tokens from the Aquifer matching reserve, culminating in the expansion of the liquidity pool. This carefully crafted methodology cultivates a balanced ecosystem wherein users access tokens on-chain while simultaneously cultivating requisite liquidity for enhanced fungibility.
Having diligently conducted comprehensive local testing of the Qwoyn Aquifer module, we are now resolute in submitting this proposal, which advocates for the inclusion of MsgCreateBalancerPool into the approved ICA messages on the Osmosis Mainnet. This crucial integration shall afford projects the capacity to deploy the Qwoyn Aquifer module effectively, empowering new initiatives to surmount liquidity and token distribution challenges.
In conclusion, we beseech the esteemed members of the Osmosis community to lend their invaluable support to this proposal, culminating in the seamless integration of MsgCreateBalancerPool into the esteemed list of ICA approved messages. We ardently believe that this enhancement shall prove instrumental in fostering an interconnected and vibrant Cosmos ecosystem, fostering a decentralized and enduring solution for liquidity and community involvement.
We extend our profound gratitude for your time and consideration and eagerly anticipate the opportunity to contribute further to the growth and prosperity of the Cosmos ecosystem.
Daniel Pittman, Founder Qwoyn Studios