LGP #1: Distribute Liquid Locker bribes in sdANGLE if the pool sdANGLE:ANGLE peg is below 1:0.99

Summary:

This proposal aims to allow the sdANGLE gauge holders to receive bribes in sdANGLE rather than SDT when the sdANGLE:ANGLE peg is below 1:0.99 in the corresponding pool.

Context:

Stake DAO has been distributing bi-monthly bribes based on sdANGLE voting powers for months now. Currently, the claim bribes are sold against SDT and then distributed to sdANGLE-gauge holders who are eligible for bribes.

The motivation behind this proposal is to use the bribes as an additional tool to support the sdANGLE peg. In practice, whenever an sdANGLE peg would be below 1:0.99, the bribe distribution token would be sdANGLE (acquired from the market). This new system should considerably help to stabilize the peg of the sdANGLE towards 1:1 in the long run and will increase the attractivity of the Liquid Lockers as a whole.

That way, when an sdANGLE peg is healthy, bribes support SDT price, inviting users to lock SDT. When a peg is unhealthy, bribes are supporting it. This system directs users to the healthiest and most interesting solution for them.

Means: Human resources: Minimal developer time needed Treasury resources: No treasury resources needed

Technical Implementation: Add a merkle tree for sdANGLE in the bribe distributions

Proposal specifications: Admin: sdANGLE holders Community feedback: 2 days minimum Voting Duration: 5 days