Sunset Avalanche V4 Prize Pool

The Finance team proposes sunsetting the Avalanche V4 pool

Reasoning

• Only 55k USDC in TVL
• No significant new deposits for months
• No plans to deploy V5 on Avalanche
• Yield has become outlier and managing $2 a day in yield not worth our efforts
• Remove general operations and costs (draw awarding and prize liquidity)

How it would work

• If Snapshot passes the ability to deposit to Avalanche would be removed from UI
• A 45 day notice would be broadcast across communication channels - UI banner, Discord, Twitter, and Community Call
• After 45 days we set the DPR to zero and prizes effectively stop
• Set balanceCap to zero so that no new deposits
• Remove prize liquidity in excess of outstanding claims. All claims are guaranteed but no new prizes need to be supported.
• Account/Withdraws would of course remain available on the app

This Snapshot will have the same qualifications to pass as an onchain vote.