Send OGV rewards back to the Origin company treasury

Summary

Send approximately 4,637,499 OGV back to the company treasury to maximize OETH yield.

Background

Since the launch of OGV in 2022, the company treasury has been rewarding Curve and Convex voters with OGV incentives when they vote on our pools (OUSD+3Crv, OETH+ETH, etc). This occurs through various platforms, including Votium, VoteMarket, and Paladin. When the incentives flow through Votium, an inefficiency arises where some of the incentives come back to the Origin DeFi DAO instead of going to other voters. This is because the Strategist (part of the DAO) votes for our pools using vlCVX voting power that has mostly been delegated to it by the company treasury (in addition to a growing vlCVX position of its own). As a result, the DAO has accrued a substantial OGV balance that should be recycled back to incentivize more voters.

Current situation

Today, the Strategist claimed all pending rewards on Votium and is now holding the following new balances:

• 3,170 PRISMA
• 1 FXN
• 4,637,499 OGV

Recommendation

Authorize the Strategist to send the full OGV balance back to the Origin company treasury (where it came from) so that these tokens can continue to fund rewards for Curve and Convex voters. The current rate of incentives should remain unchanged. Leave the PRISMA and FXN in the DAO's Strategist wallet along with existing OGN, DAI, FXS, etc.