Aquifer Committee
Purpose: Responsible for managing the Osmosis LP, including decision-making on swap fee allocation, maintaining a balanced liquidity pool, and facilitating new LP creation. Ensures efficient operation, stability, and growth of the Osmosis liquidity pool, while fostering sustainable development and expanding liquidity options for the network and participants.
Committee Membership: Consists of members with expertise in Osmosis LP management, liquidity provision, and ecosystem growth.
Internal Committee Elections: Follows a structured election process, allowing community members to nominate themselves or others. Fair representation ensured through community-wide voting or committee member voting.
Responsibilities and Duties:
Managing the Osmosis LP: Oversees operations, monitors performance, and implements strategies for optimization.
Allocation of Swap Fees: Makes decisions on utilization of swap fees generated within the Osmosis LP, considering ecosystem development, community rewards, and sustainable growth.
Balancing the Osmosis LP: Assesses asset composition, market conditions, and risk management principles to maintain a healthy trading environment.
Creation of New LPs: Evaluates proposals for new liquidity pools, considering token demand, community interest, and alignment with network strategy.
Decision-Making Process: Majority vote determines proposal approval. Proposals submitted at least 2 weeks before meetings. Committee chair acts as tiebreaker. Conflict resolution handled by Qwoyn Network oversight committee.
Meeting Schedule and Communication: Holds regular virtual meetings, records and shares meeting recordings, and posts notes on the committee's GitHub repository. Public observation allowed, but public comments limited during regular meetings.
Project Evaluation and Selection Criteria: Evaluates proposals based on alignment with LP management, impact on liquidity pool efficiency, sustainability, innovation, community engagement, technical feasibility, team experience, compliance, and governance.
Progress Tracking and Reporting: Implements milestone-based progress tracking, requires regular updates from project owners, communicates progress to the community, and provides guidance and support when needed. Maintains transparency through documentation and accountability measures.
Resource Allocation: Utilizes generated QWOYN tokens, restaking 50% for network growth and distributing the remaining 50% among committee members. Discretionary use of restaked tokens for initiatives benefiting the Qwoyn Network ecosystem.
Charter Amendments: Proposes amendments to the charter, subject to community ratification through general vote. Archived previous charters and displays updated charter on the committee's GitHub repository.
Charter Review: Conducts an annual review to ensure charter alignment with the network's evolving needs. Engages the community for feedback and suggestions, considering proposal for amendments if necessary.
Aquifer Committee Charter
https://github.com/cosmic-horizon/committees/tree/main/Aquifer
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