# Community Spend: Match Kava Rise Rewards for three months **URL:** \ **Category:** Proposal Discussion\ **Tags:** passed\ **Created:** [August 9, 2023, 6:21pm UTC](https://forum.osmosis.zone/t/community-spend-match-kava-rise-rewards-for-three-months/209 "2023-08-09T18:21:33Z")\ **Posts on this page:** 1\ **Showing post:** 13
**Author:** ![JohnnyWyles](https://sea2.discourse-cdn.com/flex020/user_avatar/forum.osmosis.zone/johnnywyles/32/3114_2.png) [@JohnnyWyles](https://forum.osmosis.zone/u/JohnnyWyles)\ **Post date:** [December 12, 2023, 11:34am UTC](https://forum.osmosis.zone/t/community-spend-match-kava-rise-rewards-for-three-months/209/13 "2023-12-12T11:34:37Z")
Confirming that the Kava Rise Matching program has now been completed. External APRs were tapered towards the end to ensure that the reward rates remained relatively consistent and sustainable in KAVA alone. ## OSMO Refund 208,000 OSMO of the originally allocated 800,000 OSMO have been returned to the Community pool as unspent. > **[DAO DAO](https://daodao.zone/dao/osmo190pgmj969xw9qcv3cgj4q72cz9vm7fx8dgetq4v7rldyuu8k23zqlx4x5q/proposals/A36)** > > Create a DAO to manage your community, protocol, or entire blockchain in just a few clicks. We support multisig, token-based, and NFT-based DAOs that can be as simple or complex as you want. Set up SubDAOs, manage interchain assets, and interact with... The multi-sig has retained 2,600 OSMO to cover any further Gauge creations of purely Kava incentives - these return to the community pool as spent and, in the event of the Kava Rise program ending, would be fully returned. ## Impact of program Overall, the incentive matching program was a moderate success, with USDT liquidity becoming the second stablecoin of choice behind established USDC/USDC.axl liquidity and continuing to increase in both liquidity and volume. ![image](https://us1.discourse-cdn.com/flex020/uploads/osmosis1/original/1X/41fe8fca6d10fbe6c4aca70b93d48fea9a555d01.png) ## Learning points Issues encountered along the way included: - The migration of the incentives and liquidity from the axlUSDC pairing to the USDT pairing. Due to the lack of bonding in Supercharged pools, this only required a 9-day overlap in incentives on the two pools despite a longer overlap being originally planned. This demonstrated the flexibility of liquidity in Supercharged pools to quickly move to new locations. ![image](https://us1.discourse-cdn.com/flex020/uploads/osmosis1/original/1X/8e86506e65f73480751166007e49a657e100731a.png) - A sudden drop in liquidity during this migration due to narrow liquidity being set and not being resilient to large global price movements or large on/offboarding. This has balanced as liquidity has increased but will be made more resilient with the introduction of uptime-based incentives to increase the width of positions. > [@Proposal for Uptime-based Incentives on Supercharged Pools](https://forum.osmosis.zone/t/proposal-for-uptime-based-incentives-on-supercharged-pools/561): > > Overview Concentrated liquidity has a number of key differences from Osmosis’s Classic and Stableswap pools that make it require a new mechanism for distributing incentives. In general, the design space of incentive mechanisms for concentrated liquidity DEXs is extremely underexplored, so this is a great opportunity to break some new ground in the broader design space of order-book-style AMMs. Below, we outline the status quo approach for CL incentives that Osmosis currently has implemented, as… - Display errors with the APRs on pools, this resulted in early incentives being not visible at all to users. These are now more visible, but an improved method of displaying these APRs is being worked on to improve the efficiency of external incentive spending. ## Future of Kava Rise Going forward, the multisig will continue spending any Kava Rise payments on a longer cadence every 4 weeks. The program has also expanded to include an ETH/USDT pool and will likely expand in order to use Kava spends to establish USDT as a competing stablecoin on Osmosis. Ongoing budget tracking as posted above: [https://docs.google.com/spreadsheets/d/13e6h6SuCdb7a4I\_cJXSG5EJvYITZivy9wEO6YR5T6g8/edit?usp=sharing](https://docs.google.com/spreadsheets/d/13e6h6SuCdb7a4I_cJXSG5EJvYITZivy9wEO6YR5T6g8/edit?usp=sharing) --- _[View the full topic](https://forum.osmosis.zone/t/community-spend-match-kava-rise-rewards-for-three-months/209)._