Overview

As development on top of SDIP#8, we want to gauge the community’s view on a swap between Stake DAO and Lobis of LOBI and SDT.

---

Specification

Swap up to $1m worth of LOBI for SDT at market price. This would increase Lobis’s SDT allocation by up to $1m which would be staked and never be released into the open market. This would also give Stake DAO an allocation of up to $1m LOBI which will be staked and never released into the open market.

Swaps will be executed in tranches to reduce the impact of volatility. e.g. $500k, $100k …

Links

Discussion: https://gov.stakedao.org/t/sdip-8-1-addendum-to-sdip-8-sdt-lobi-swap/538