The objective of this proposal is to create a Supercharged Liquidity pool for stOSMO/OSMO with a 0.05% Spread.
During the rollout period, the creation of Supercharged Liquidity pools is permissioned by governance as established in Proposal 532.
There are two main reasons we suggest to list this pool:
- The creation of this pool would allow liquidity from the Stableswap pool to start migrating to the more efficient Supercharged Liquidity pool, which is ideal for Liquid Staking Derivatives such as stOSMO.
- The new Supercharged Liquidity pool, coupled with the Stride stOSMO redemption rate contract, will potentially be used by Mars to price stOSMO. As such, creating this pool would allow Mars to propose listing stOSMO on the Red Bank and eventually on Farm.
Target onchain date: 21st September 2023