KIR-3 l Deprecate FRK on Polygon PoS

Summary: This proposal aims to deprecate the FRK token on Polygon PoS, a KUMA Interest-bearing token backed by KUMA NFT, themselves backed by 360 days French T-Bills.

Rationale: Introduced in KIR-0 and deployed in KIR-0.1 on Ethereum, Polygon PoS, Linea and Mantle, FRK is a KUMA Interest-bearing token backed by KUMA NFT, themselves backed by 360 days French T-Bills.

Despite demand for the product on Polygon PoS at launch, particularly for collateral use on lending protocols, there is very little customer demand for it today, largely due to recent political and economic events in France, with customers now preferring US bonds (USK).

Today, there's a single bond left on Polygon PoS that the customer wants to redeem, so we're proposing to deprecate the FRK on Polygon PoS. Once the FRK has been deprecated on Polygon PoS, the only way to redeploy it will be by creating a new FRK token on the chain.

Note: FRK will still be available on Ethereum, Linea and Mantle.

Means:

• Human resources: If the proposal is approved, the KUMA Multisig signers will have to execute the proposal following the technical voted technical implementation.
• Treasury resources: There is no treasury cost.

Technical implementation: On Polygon PoS:

• The DAO Multisig will call the function ‘initializeDeprecationMode’
• The DAO Multisig will call the function ‘enableDeprecationMode’ 4 hours later

Voting options:

• Accept the deprecation of FRK on Polygon PoS
• Against the deprecation of FRK on Polygon PoS
• Abstain

Authors: Jean Brasse from Mimo Labs