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Stake DAOStake DAOby0xdAe82613eFB8cFe0C2778C9a7bef65B92DC8C11914458.lens

#SDGP 14- Remove stETH gauge from the SDT gauge controller

Voting ended about 3 years agoSucceeded

Summary :

This proposal aims to rule out Remove stETH gauge from the SDT gauge controller.

Context:

Since its introduction, the stETH curve gauge has been receiving rewards from the SDT weekly allocation veSDT votes.

As Stake DAO perf fees are only on CRV tokens for Curve strategies and because the stETH only relies on LIDO rewards to generated yield, Stake DAO does not earn anything out of that strategy.

Removing stETH gauge from the SDT gauge controller would let veSDT holders to redirect SDT incentives towards strategies aligned with the DAO interets (where the DAO earns performance fees and which are being more profitable to the DAO).

In the future, if the stETH curve gauge start receiving again some CRV, an onchain vote can be pushed to add the stETH gauge back to the the SDT gauge controller

Means:

Human resources: Minimal developer time needed

Treasury resources: No treasury resources needed

Technical Implementation:

Remove stETH curve gauge from the SDT gauge controller and set to 0 veSDT votes

Proposal specifications:

Admin: veSDT holders

Community feedback: 2 days minimum

Voting Duration: 5 days

Off-Chain Vote

Yes, remove it
1.84M veSDT99.7%
No, don't remove it
563.68 veSDT0%
Abstain
4.54K veSDT0.2%
Download mobile app to vote

Discussion

Stake DAO#SDGP 14- Remove stETH gauge from the SDT gauge controller

Timeline

Jan 17, 2023Proposal created
Jan 17, 2023Proposal vote started
Jan 22, 2023Proposal vote ended
Oct 26, 2023Proposal updated