CIP #11 - Solidify the team’s runway

—- Summary -—

Take action to strengthen the team’s runway.

—- Rationale -—

To ensure that the team’s runway remains as solid as possible, we propose the following actions:

• Dedicate the 20% of POD’s farming rewards that are not distributed to ysCVG to the team’s runway;
• Raise sdTokens fees from 5% up to 10%. The additional 5% fee will be dedicated to the team’s runway (our staking contracts will remain the more competitive in the market even with a 10% fee);
• Reserve 10% of our bonding capacity (200,000 CVG over 3 months) to open runway-dedicated bonds. This is a maximum limit, which isn’t meant to be spent entirely if it’s not necessary.

Overall, we are looking to earn from $10,000 to $20,000 per month to extend and solidify the team’s runway, to ensure Convergence’s operations.

—- Means -—

Raise sdTokens fees to 10%, proceed to the repartition of rewards as proposed, and open runway-dedicated bonds.

—- Vote -—

1- Adopt the proposal; 2- Reject the proposal; 3- Abstain; 4- Do not take part in the vote.