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Stake DAOStake DAOby0xF4fD07eB3Dbd55C12FB75D0EBf5F6A2888f418410xF4fD…1841

SDGP #11 Remove BlackPool Liquid Locker from the SDT Gauge

Voting ended over 3 years agoSucceeded

Summary : This proposal aims to rule out BlackPool Liquid Locker from the SDT gauge.

Context:

Since its introduction, the BlackPool Liquid Locker has been receiving rewards from the SDT weekly allocation votes.

After weeks of SDT rewards, we’ve found that this emission through BlackPool Liquid Locker has represented a financial loss for the DAO.

In fact, while BlackPool SDT rewards amounts to $3,200 per month, the BlackPool Liquid Locker brings $120 per /month to the DAO.

Removing BlackPool Liquid Locker from SDT gauge would save $ 38,4000 of incentives per year. Those could be redistributed between the rest of the Liquid Locker especially those (where the DAO earns performance fees and which are being more profitable to the DAO.

Means: Human resources: Minimal developer time needed Treasury resources: No treasury resources needed

Technical Implementation: Remove BlackPool Liquid Lockers contract from the SDT gauge controller.

Proposal specifications: Admin: veSDT holders Community feedback: 2 days minimum Voting Duration: 3 days

Off-Chain Vote

Yes, remove
1.52M veSDT97.9%
No, don't remove
32.11K veSDT2.1%
Abstain
10.16 veSDT0%
Download mobile app to vote

Discussion

Stake DAOSDGP #11 Remove BlackPool Liquid Locker from the SDT Gauge

Timeline

Dec 05, 2022Proposal created
Dec 05, 2022Proposal vote started
Dec 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated