Proposal For PGOV Treasury

This is a proposal to create a Token Treasury for PGOV, under the control of PGOV holders, who can vote on how to spend the funds for the benefit of the protocol.

The treasury will be created by a one-time mint of PGOV and will total 25 million PGOV (10% of the total supply). The total supply (250m) of PGOV will NOT be increased. It will remain at 250m.

Instead, the the farming program will end early to compensate (so for example, if this vote passes, then the farming program will end at 225 million PGOV, so that the total supply including the treasury does not exceed 250m).

PGOV holders can choose to spend the tokens for any purpose by a vote - marketing, funding development, partnerships - anything. At a future stage, PGOV holders can also vote on ways to grow the size of the Treasury if desired (for example, by allocating a share of trading fees to it instead of burning it).