[IIP-40] M3-2024 budget transfer to Leagues
The following is an extract of the proposal posted on the Idle governance.
Summary
The IIP transfers the M3-2024 funding to DAO Leagues.
References
Rationale
1. Leagues M3-2024: Roadmap and M2-2024 Recap
The expected budget for M3-2024 is set at $167’500 in stablecoin.
Currently, the Treasury League multisig holds approximately $34,000 in stablecoins and $39,000 in ETH/LRTs, based on current market prices. However, it’s important to note that $41,000 needs to be deducted due to the fee-sharing agreement as part of the Fasanara Strategic Deal. Should the Temperature Check for IDLE tokenholders yield a positive result, we plan to transfer $135,500 USDT/USDC from the Fee Treasury.
Specifications
The IIP-40 consists of one action:
- 1 action to transfer 135,500 USDC from the
FeeTreasuryto the Treasury Leagues multisig
Off-Chain Vote
For
83.01K stkIDLE100%
Against
0 stkIDLE0%
Timeline
Aug 07, 2024Proposal created
Aug 07, 2024Proposal vote started
Aug 09, 2024Proposal vote ended
Aug 09, 2024Proposal updated