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Stake DAOStake DAOby0x04bB65c2E198634AEBcA94D49349744070946212mevpanda.eth

SDGP-27 Remove SDT Rewards for the Liquid Locker Gauges to focus on Vote Bounty Manager (VBM) gauges

Voting ended about 2 years agoSucceeded

Summary:

This proposal aims to cease the distribution of SDT rewards to the Liquid Locker gauges and let the veSDT holders direct the SDT inflation rewards to the newly created Vote Bounty Managers (VBM) to Liquid Locker liquidity.

Motivation:

Firstly, the current distribution of rewards in SDT to locker gauges accounts for a very small portion of the yield. Given this, redirecting these rewards to support sdTKNTKN liquidity would be a more efficient use of resources. Secondly, by focusing these rewards on sdTKNTKN liquidity, we can strengthen the stability and growth of the Liquid Lockers.

Implementation Details:

Remove sdTKN Gauges: In the SDT gauge controller, we will deactivate the sdTKN gauges by setting their weight to 0. This will halt the distribution of incentives to gauges.

Proposal Specifications:

Administrators: veSDT holders Community Feedback: Minimum 3 days. Voting Duration: 7 days.

Off-Chain Vote

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478.81K veSDT100%
Reject the proposal
0 veSDT0%
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Discussion

Stake DAOSDGP-27 Remove SDT Rewards for the Liquid Locker Gauges to focus on Vote Bounty Manager (VBM) gauges

Timeline

Jan 02, 2024Proposal created
Jan 02, 2024Proposal vote started
Jan 09, 2024Proposal vote ended
Jan 09, 2024Proposal updated