SIP25 Airdrop

Airdrop for pre-rug supporters

Proposal for 50% of the first months treasury vested SGT, 50k, to be airdropped to pre-rug participants on Matic. This also helps us seed matic liquidity while attracting original stakers to return.

Some caveats:

To reduce unnecessary development burden, any solo SGT stakers are welcomed to send their SGT sell transaction at the time of the rug to me, Chimera, via DM on discord or twitter for inclusion in the airdrop

We will reuse the SGT-ETH and vETH-SGT LP snapshot Ice Bear created for reimbursements for tokens we managed to save

80% will go to LPs, 40% to SGT-ETH, 40% to vETH-SGT. This leaves 20% for solo stakers

To limit sell pressure, a LP pool will first be created and it’s TWAP price will be monitored. Instantaneous and/or TWAP price dropping by over 50% will automatically halt the airdrop

Any tokens not redeemed will be returned to the DAO

Airdrop will be on a rolling basis and will conclude end of October alongside TokenMigration

Note: We will additionally airdrop an NFT to these individuals which will boost their staking rewards regardless of the outcome of this vote.