[GP-10] In preparation for the upcoming Leverage Tokens launch

Summary:

This proposal requests DAO approval on several key items ahead of the upcoming launch of Leverage Tokens (LTs). These include the pre-authorization of DAO ownership for flagship LTs deployed by core contributors and permission for the strategic allocation of incentives under the framework established in GP-7: Expanding Protocol Reward Categories.

Motivation:

Leverage Tokens are a major product expansion for Seamless that encapsulate automated, looped leverage strategies. LTs represent the logical evolution and enhanced version of ILMs. To ensure the smoothest rollout possible, the DAO should pre-approve ownership and rewards logic for strategically significant deployments managed by core contributors.

Proposal Details:

1. DAO to Accept Ownership of Core-Deployed LTs

Although any user may deploy LTs permissionlessly, core contributors are expected to launch several flagship strategies that represent the protocol's standards for safety and performance.

• This proposal requests that the DAO automatically accept ownership of these LTs to simplify lifecycle management and make them eligible for protocol-level incentives and front-end display.

2. Reward Allocation

In December 2023, the DAO approved [GP 7] Expanding Protocol Reward Categories – Increasing Token Emission Budget for Seamless. It is now proposed that the DAO authorize core contributors to allocate emissions from the GP-7 2025 budget toward Leverage Tokens, as follows:

• Primary source: “3m SEAM tokens allocated for future ILM, vault, or strategy launches.”

• Extraordinary sources:

  • “3m SEAM tokens for Legacy TVL Incentives” (given the sunset of the Legacy platform).

  • “1.5m SEAM tokens – Uncategorized: reserved for unforeseen opportunities, product launches, airdrops, community marketing, etc.”