Based on this forum discussion, a number of community members were recognized for their contributions to Pickle Finance.
If this proposal is passed, the following community members will be awarded according to the following tiers:
💚GREEN Contributors (8 ETH)
💛GOLD Contributors (4 ETH)
🤍SILVER Contributors (2 ETH)
The awards are paid out in PICKLEs from the Treasury. If/when this proposal passes, PICKLEs will be purchased and distributed according to the ETH amounts set out above. The total value is 54 ETH.
If this proposal passes, the Treasury cap of $500k will be temporarily lowered for the following week by half of the proposed expenditure so that the wETH staking rewards are not significantly impacted. For example, half of 54 ETH = 27 ETH = $12.5k, so the following week's cap Treasury cap will be considered to be $487.5k with amounts in excess of that given to stakers. The cap will return to the regular $500k the week after.