Adding two proposals to deal with issues seen so far for the Celestia Launch.
These are considered to be important for functioning of this market as a primary one for Osmosis and so they are being proposed as expedited proposals.
Expedited: Establish Superfluid Staking for TIA and redirect a portion of Incentives
On passing, this proposal would enable Superfluid Staking on the TIA/OSMO pools (1248 and 1249) on Osmosis as well as allow the Celestia incentive multisig to spend 50% as many incentives on the TIA/OSMO pool compared to the TIA/USDC pool whilst maintaining the original 6000 OSMO/day cap.
As Osmosis is aiming to be the primary market for Celestia and rollups using the TIA token this proposal is considered to be important for the functioning of this market and so is being proposed as an expedited proposal.
Details
Superfluid
Superfluid proposals ask whether governance trusts in the stability and security of the chain sufficiently to allow their tokens to have an influence on Osmosis governance.
This proposal would enable Superfluid Staking in the TIA/OSMO pools (1248 and 1249) with the default 25% discount rate.
Incentives on OSMO Pool
This proposal will also allow the incentive multisig from Proposal 655 to spend up to
Value per day = Celestia Staking rate per day * Pool TVL * 1.5
On the TIA/OSMO pools up to a cap of 3000 OSMO/day, with a minimum of 1500 per day. While maintaining the overall cap of 6000 OSMO/day across the two pools from the original proposal. Exempting the initial overlapping period.
This means that half the incentives being spent on the TIA/USDC pool will be spent on TIA/OSMO pools while retaining the same upper limit in potential spend. Where the 6000 OSMO cap is hit then incentives will be split according to demand of each pool.
About Celestia
Celestia is a new type of blockchain that aims to launch a new modular paradigm where each chain is minimal in composition and highly specialized to perform specific tasks. This specialization provides breakthroughs in scalability, flexibility, and interoperability, enabling developers to build blockchain applications for mass adoption.
Celestia is specialized as a data availability blockchain with the TIA token used to pay for blobspace. This allows new blockchains to be spun up without their own native token, instead using TIA similarly to ETH on Ethereum-based rollups. Developers may opt to bootstrap their chain quickly by using TIA as a gas token and currency, in addition to paying for data availability. In this mode, developers can focus on creating their application or execution layer instead of issuing a token right away.
Expedited: Add TIA as a fee token
This proposal would add TIA as a valid fee token for Osmosis transactions.
This allows users whose only interaction with the Cosmos ecosystem is via Celestia to be able to transact for the first time on Osmosis.
As Osmosis is aiming to be the primary market for Celestia and rollups using the TIA token this proposal is considered to be important for the functioning of this market and so is being proposed as an expedited proposal.
Fee tokens currently can only be routed through a Classic pool and so this will be routed through pool 1249.
About Celestia
Celestia is a new type of blockchain that aims to launch a new modular paradigm where each chain is minimal in composition and highly specialized to perform specific tasks. This specialization provides breakthroughs in scalability, flexibility, and interoperability, enabling developers to build blockchain applications for mass adoption.
Celestia is specialized as a data availability blockchain with the TIA token used to pay for blobspace. This allows new blockchains to be spun up without their own native token, instead using TIA similarly to ETH on Ethereum-based rollups. Developers may opt to bootstrap their chain quickly by using TIA as a gas token and currency, in addition to paying for data availability. In this mode, developers can focus on creating their application or execution layer instead of issuing a token right away.