(OGP3)- Rewards program with OVL distribution

***** The proposal is discussed by the community on both Forum and Discord. Also, the proposal message on the #Governance channel on Discord got reacted with brain emoji (🧠) by more than three different Planck Cat DAO member. That means, according to the Overlay Governance Framework, we've met the criteria to open a Snapshot voting. *****

*This is a governance proposal to start a rewards program with OVL distribution.

Overlay Protocol has recently shared a Mirror article called ‘Litter Box 1, OVL and rewards program’.

Per that article,

-Overlay is launched on Ethereum Mainnet -OVL token is live. Through a Snapshot vote, the DAO will decide the initial community distribution -ETH/USDC is the only open market as of today, no markets will be added without the green light from PlanckCat DAO -Approval of distribution needs to happen via DAO -OVL has no liquid market and there are no plans to launch one during Litter Box 1

The proposal is offering to start a reward program while distributing OVL to the community, all details can be found in that Mirror article.

These are two options being offered on the Snapshot:

-Implement changes -Request changes