SLURP-58 | Monetization of DAO-Eligible BUILD Rewards for Treasury Funding

Summary

This proposal seeks authorization for the stake.link DAO to claim and sell all BUILD rewards associated with its 9M $reSDL NFTs held by the DAO (derived from 1M $SDL locked per SLURP 43) for stablecoins. These stablecoins will be directed towards the DAO’s FY2026 budget OR other future, separately approved, DAO initiatives.

Abstract

Per SLURP 43, the stake.link DAO has strategically locked 1,000,000 $SDL tokens at maximum duration, generating 9,000,000 $reSDL (NFTs). These $reSDL NFTs are eligible to participate in the Chainlink BUILD program, entitling the DAO to various BUILD token rewards. This proposal outlines the process for the DAO to claim these rewards and convert them into stablecoins. The resulting stablecoins reserves will bolster the DAO’s treasury for essential future expenditures, starting with the funding of the FY2026 budget.

Motivation

Ensuring the long-term financial health and operational runway of the stake.link protocol is paramount. Monetizing the DAO’s BUILD reward allocation into stablecoins provides several key benefits:

Sustainable Funding: Creates a dedicated, non-inflationary funding source for ongoing operational costs, security audits, development grants, and other strategic initiatives, reducing reliance on $SDL sales or LinkPool-backed loans.

Fiscal Prudence: Converts potentially volatile BUILD tokens into stable assets, providing budgetary predictability and risk mitigation for the DAO’s treasury.

Capital Efficiency: Leverages existing DAO assets ($reSDL) to generate new, liquid capital for the protocol’s growth and stability.

Specification

This proposal requests the following actions be executed by the appointed multisig or mechanism:

The stake.link DAO multisig will actively monitor and claim all BUILD rewards associated with its 9,000,000 $reSDL NFTs. This claiming process will span the entire 90-day unlock period for Season 1 rewards, as well as any subsequent BUILD seasons for which these $reSDL NFTs are eligible. All claimed BUILD tokens will be systematically sold for stablecoins on CEX/DEXes with sufficient liquidity. All realized stablecoins will be deposited directly into the designated stake.link DAO Treasury address: 0xB351EC0FEaF4B99FdFD36b484d9EC90D0422493D.

Expected Outcome

The stake.link DAO Treasury will receive a significant injection of stablecoins capital derived from its BUILD reward entitlements. This will secure an additional funding runway, enhance the DAO’s financial resilience, and support the long-term growth and security of the stake.link protocol.