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

Summary:

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

Context:

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

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

That way, when an sdCRV 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 sdCRV in the bribe distributions

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