SLURP-14 | Deprecation of SDL Token Mint Function
Abstract
Pursuant to SLURP-8 | SDL Tokenomics 2.0, it is proposed that the ownership of the SDL token contract (0xA95C5ebB86E0dE73B4fB8c47A45B792CFeA28C23) be disposed of by the stake.link Multi-Sig (0xB351EC0FEaF4B99FdFD36b484d9EC90D0422493D) by calling the renounceOwnership function, effectively disabling the ability to mint additional SDL tokens on Ethereum mainnet, and capping the maximum total supply of SDL at 100,000,000.
Rationale
With the implementation of SLURP-8, the SDL token no longer requires an elastic supply. Newly joining node operators will be allocated SDL from the treasury instead of from a fresh mint of SDL.
Specification
The stake.link Multi-Sig (0xB351EC0FEaF4B99FdFD36b484d9EC90D0422493D) will call the renounceOwnership function, thereby preventing the creation of new SDL tokens.
Copyright
Copyright and related rights waived via CC0.
Off-Chain Vote
yes
7 SDL Council100%
no
0 SDL Council0%
Timeline
Nov 27, 2023Proposal created
Nov 27, 2023Proposal vote started
Dec 04, 2023Proposal vote ended
Feb 08, 2025Proposal updated