Skip to content

Commit

Permalink
Merge pull request #256 from osmosis-labs/JohnnyWyles-patch-1
Browse files Browse the repository at this point in the history
Update Pool Creation fee
  • Loading branch information
JohnnyWyles authored Apr 23, 2024
2 parents 1cc1db0 + 83e9ede commit 378a2b3
Show file tree
Hide file tree
Showing 2 changed files with 5 additions and 5 deletions.
4 changes: 2 additions & 2 deletions docs/osmosis-core/modules/gamm/README.md
Original file line number Diff line number Diff line change
Expand Up @@ -182,7 +182,7 @@ Pools have the following parameters:
This allows pool governance to smoothly change the weights of the assets it holds in the pool. So it can slowly move from a 2:1 ratio, to a 1:1 ratio.
Currently, smooth weight changes are implemented as a linear change in weight ratios over a given duration of time. So weights changed from 4:1 to 2:2 over 2 days, then at day 1 of the change, the weights would be 3:1.5, and at day 2 its 2:2, and will remain at these weight ratios.

The GAMM module also has a **PoolCreationFee** parameter, which currently is set to `100000000 uusdc` or `100 USDC`.
The GAMM module also has a **PoolCreationFee** parameter, which currently is set to `20000000 uusdc` or `20 USDC`.

[comment]: `<>` (TODO Add better description of how the weights affect things)

Expand Down Expand Up @@ -283,7 +283,7 @@ The configuration json file contains the following parameters:
:::

::: warning
There is now a 100 USDC fee for creating pools.
There is now a 20 USDC fee for creating pools.
:::

### Join pool
Expand Down
6 changes: 3 additions & 3 deletions docs/overview/integrate/pool-setup.md
Original file line number Diff line number Diff line change
Expand Up @@ -16,7 +16,7 @@ There are several different types of liquidity pools on Osmosis, each with uniqu
- Supercharged Liquidity (Concentrated Liquidity) Pool, and
- CosmWasm Pools (e.g., Transmuter and Alloyed Assets)

Note: As of [Proposal 699](https://www.mintscan.io/osmosis/proposals/699), a pool creation fee of 100 USDC is required.
Note: As of [Proposal 699](https://www.mintscan.io/osmosis/proposals/699), a pool creation fee of 20 USDC is required.
*[fee taken automatically when transaction has been sent via CLI]*

Note: Sometimes there is no way to find the Pool ID of a pool via a block explorer using the transaction hash. osmosisd CLI will show the Pool ID of the new pool in response when creating the pool via CLI; otherwise, the only way to get a Pool ID is to search among the most recently created pools, or else look on a list (that shows Pool ID) of all pools for matching specifications.
Expand Down Expand Up @@ -45,7 +45,7 @@ To create a Classic Pool on Osmosis via the Osmosis Zone app:
- Enter a >0 amount of each token to add to the pool upon creation
- Next
- Set Swap Fee
- Tick ‘I understand that creating a new pool will cost 100 USDC
- Tick ‘I understand that creating a new pool will cost 20 USDC
- Create Pool
- Continue to approve the transaction with the connected wallet.

Expand Down Expand Up @@ -105,7 +105,7 @@ To create a Stableswap Pool on Osmosis via the Osmosis Zone app:
- Next
- Set Swap Fee
- Set scaling factor controller (optional)<sup>2</sup>
- Tick ‘I understand that creating a new pool will cost 100 USDC.
- Tick ‘I understand that creating a new pool will cost 20 USDC.
- Create Pool
- Continue to approve the transaction with the connected wallet.

Expand Down

0 comments on commit 378a2b3

Please sign in to comment.