IRISnet will create IOV/IRIS liquidity pool and its corresponding farming pool on CoinSwap, to bring more liquidity to both IRISnet and Starname ecosystem.
This proposal is to request approval to allocate 540,000 IRIS from the community pool to provide incentives to IOV/IRIS pool on CoinSwap and to be distributed over a period of 180 days.
Starname is an asset name service in the Cosmos ecosystem, which can be used to claim your part of the blockchain to use for decentralized identification, payments, and ownership. In November 2021, Starname released *irisnet as a community badge for the IRISnet ecosystem. Naming service is one of the key Web3 infrastructures, so in order to enable Web3, IRISnet will gradually give more support to Starnname and also their naming service in our ecosystem.
If this proposal passes governance, the requested IRIS will be allocated to the recipient address (iaa1kuppkguz0llfhzy620az30ujwa5363awz54xgk), and added to the IOV/IRIS farming pool as incentives, when the pools go live on CoinSwap (https://coinswap.market/).