Proposed actions:
The K9 Finance DAO will allocate a $1,000 per week for up to eight (8) weeks—a maximum of US $8,000 from the Operations budget—to finance a feasibility study on expanding our Liquid Staking Derivative (LSD) product to the Polygon network, tentatively branded “knMATIC.” The funds will be released from the DAO multisig to the development-team multisig as weekly stipends.
If this proposal passes the management council will:
Authorize weekly transfers (US $1,000) to the development team while the study is active.
Deliver a final feasibility report to the DAO no later than the end of Week 8, covering:
Technical requirements and validator infrastructure
Smart-contract architecture and compatibility with existing K9 staking logic
Capital, liquidity, and potential grant/VC funding needs
Competitive analysis (post-Lido exit, Stader, Ankr, etc.)
High-level roadmap and decision points for a full "knMATIC" launch
Return or roll over any unspent funds to the Operations budget if work is completed early or the DAO elects to stop the study.
Submit a separate Snapshot proposal for any future Polygon deployment; this vote funds research only and does not authorize a launch.
Off-Chain Vote
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- Author
k9ops.eth
- IPFS#bafkreif
- Voting Systemsingle-choice
- Start DateApr 24, 2025
- End DateApr 29, 2025
- Total Votes Cast64.3B KNINE
- Total Voters63
Discussion
Timeline
- Apr 24, 2025Proposal created
- Apr 24, 2025Proposal vote started
- Apr 29, 2025Proposal vote ended
- Apr 29, 2025Proposal updated