CIP002 - Updating the roadmap for the migration

Motivation In light of recent market volatility, it is important that we discuss the possibility of altering the migration plan. We would like to protect the interests of the community and avoid harming the launch of Congruent. Running an LBP can be a key marketing tool and is a good way to attract attention, particularly from investors. But, running an LBP while the market is in a downtrend may not be ideal. Having said that, it is the DAO that should have the final call on whether to alter the migration plan.

Quorum Standards

The option with the most votes will be adopted.

Proposal

Dear Community, Given the drastic movements in the crypto markets over the last couple of days, it is important that we take a moment to re-evaluate whether the plan and schedule we currently have for migration still make sense. We need to be able to react to market forces to protect the interests of our DAO. We are currently considering the following three options for the way forward. We invite all of you to consider these options and decide which would be the most prudent course of action based on current market forces.

Vote

The options will be:

1. Delay the LBP by two weeks and, one week before the new LBP date, vote again on whether to proceed or to extend the LBP date again. If it is decided that the LBP should be delayed, then the airdrop would also be delayed accordingly. All bribe income collected so far would be distributed to those who staked their Meta in the migration contract in the form of stable coins (BSC) between Feb. 7 and Feb.17. Users will need to claim the rewards. If there are any further delays, subsequent bribe income will be distributed in the same manner every two weeks. The Treasury team will also come up with a plan to generate and return more rewards to MetaM holders.

2. Delay the LBP for up to two weeks, in which case, the airdrop would also be delayed accordingly. Bribe income collected so far would be distributed in the form of stable coins (BSC) to those who staked their Meta and will be distributed between the migration contract. The bribe income will be distributed in stable coins to users between Feb. 7 to Feb.17 and users need to claim the rewards.

3. Cancel the LBP entirely and place all remaining assets into the Congruent Treasury, and sGaas tokens will be airdropped to Meta holders that staked into the migration pool. (A new airdrop plan is required)

4. Continue with the LBP as originally planned.

Voting Duration:

6am UTC Jan.26 - 6pm UTC Jan.28

All MetaM holders can vote