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StabilizeStabilizeby0x1a776c84d64eCADA985C968c3589B3c8615A1e7C0x1a77…1e7C

Should we divert treasury funds to a new GasTreasury

Voting ended about 5 years agoSucceeded

Currently, the treasury funds are sent to a TreasuryFurnace that users can utilize by burning STBZ and redeeming a percentage of all treasury funds. This model allows for a price floor for each STBZ but doesn't provide a mechanism for incentivization for executing routine protocol functions and development of new strategies by the core team.

We propose the development and usage of a new GasTreasury that sits on top of the TreasuryFurnace. The treasury profits would be diverted to this treasury first. This treasury would subsidize the gas cost for minting new week STBZ and re-balancing pool rewards, in addition, WETH could be extracted to pay for new strategies by the team after a timelock. Finally, the team can push all remaining treasury funds to the original TreasuryFurnace for redemption by STBZ token holders.

Off-Chain Vote

Implement the GasTreasury
1.12K 100%
Keep the current system
0 0%
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Timeline

Dec 21, 2020Proposal created
Dec 21, 2020Proposal vote started
Dec 21, 2020Proposal vote ended
Oct 26, 2023Proposal updated