[SIP-6] Mint Incentive Redistribution

Author Contributors

Summary This proposal will discuss mint incentive distribution.

Discussion Here's the order for mint incentives: https://docs.google.com/spreadsheets/d/1treBIBrfKpVe0PXVAvipe1CzLvuTTQ6lSP4otADDIJk/edit#gid=337101127

Here's the raw data: https://docs.google.com/spreadsheets/d/1Hzm7M3Aw_8GG3jDiuUToUqSUfZroPxQuGSkBJQf1yEw/edit#gid=122440648

Here's the final distribution schedule for USD. https://drive.google.com/file/d/1ypKnezmygDNWVjcSqeR6cc4ioSGjv9NM/view?ths=true&pli=1

Here's the current $ISK balances. These will be accrued on-server until redemption. https://docs.google.com/spreadsheets/d/1crTJfDBwJmp0TZ_xXdNc7CxrOfPNUFB7SHPWreOoYZA/edit#gid=1848022789

Mint incentives have already been distributed to the first 70 addresses on the distribution schedule. https://polygonscan.com/tx//0x0e37e809ebcc9b1390e7c61c42168d0d4e0f7432ab07bcc88d1a6dcdee6bcdd8 Distribution is on Polygon as a) $ISK is a Polygon token, and b) gas fees are simply prohibitive on Ethereum.

A particular set of difficulties lie in addresses 71-760. Each of those addresses have been allocated 6.90 USDC on Polygon. However, unless those addresses have a degree of activity on Polygon already, bridging funds there or back will exceed the entire incentive amount, which means that the majority of addresses will have funds left hanging on that chain, which has no productive value. In addition, several Sophon holders have expressed a preference for incentives to be distributed to current holders, rather those that have minted and sold.

Option 1 Distribute mint incentives as is, in accordance with the current Distribution schedule.

Option 2 Replace the 6.90 USDC that addresses 71-760 will receive with 6.9K $ISK, which shall be immediately liquid, on-chain.

Option 3 Replace the 6.90 USDC that addresses 71-760 will receive with 6.9K $ISK, accrued on-server, the same treatment as 760+ minters.

Option 4 Evenly redistribute all incentives from addresses 71-760 that are no longer Sophon holders at the end of this Snapshot voting period, to addresses 71-760 that remain Sophon holders.

Voting This vote will be a multiple-choice vote. You may select an option or choose to abstain from the vote.