A Proposal To Stop The Arbitrage Between V1 & V2

Persistent arbitrage between the V1 and V2 contracts has been suppressing the price for SGT. This proposal seeks to stop the arbitrage.

At the moment there is an allowlist for migration. Being on that allowlist enables a wallet to instantly migrate the tokens. If you are not on the allowlist, you can migrate your tokens, but there is a 5 day delay.

We propose to remove all wallets from the allowlist.

This would then mean that a 5 day delay applies to all migrations.

We suggest that this 5 day delay decreases the risk for arbitrageurs substantially. We believe that this will stop the persistent behaviour of wallets like the one ending in 6928, and stop them suppressing the price on SGT V2.

A vote of YES votes to support all the measures laid out in this proposal.

A vote of NO votes against these measures.