Increase Staked ETH, USDT positions

Background

The Polygon Node was gifted from the DG Team to the DG Treasury in Q1 2021 to serve as an RPC node for our product suite and an additional revenue stream for the treasury.

At the time, our games were built onchain on Polygon POS, so the Validator Node’s RPC service provided direct utility to our platform via calls to the blockchain.

Proposal

Unstake Polygon Validator node and convert (with minimal price impact) half to staked ETH (stETH) and half to USDT.

Use staked ETH rewards to purchase ICE weekly.

Rationale

While the Polygon validator node has provided value during the time we hosted onchain games on Polygon POS, it does not yield the same utility for us anymore given our pivot to offchain gameplay that optimizes for user experience with ICE Poker and our new Malta-compliant metaverse casino.

The funds currently staked in the Polygon validator node would serve our ecosystem and community best in the form of staked ETH (with rewards used to purchase ICE) and USDT (to be able to accommodate larger bet sizes and weather volatility as we roll out our Malta-compliant metaverse casino).