First activation of the Status Community Fund

As Status Network prepares for the launch of its gasless L2, this proposal requests community approval to activate up to 700M SNT from the Status Community Fund.

The Community Fund currently holds 1,973M SNT and has remained unused since its creation in the Status whitepaper, which designated it to support long-term ecosystem development.

The community-approved decision to build SNT staking and the Status L2 (2024 vote) explicitly scoped the mandate to technical development only and did not extend to SNT liquidity management or L2 operational readiness. The current proposal would now ensure that the activation of the Community Fund occurs only with explicit community approval.

Purpose of the Activation

If approved, the unlocked 700M SNT will be used to:

• Bridge SNT to the L2 via the pre-deposit vaults
• Support early user participation by providing SNT-denominated rewards across vaults
• Seed and incentivize initial liquidity for the L2 native DEX and lending markets
• Incentivize builders and early apps and protocols deploying on Status Network
• Integrate key exchanges and infrastructure partners and comply with SNT liquidity requirements

Security

Following the unlock of 700M SNT, all remaining Community Fund tokens will be relocated to a new multisig with updated custody controls. The same governance rules and community approval mechanisms will apply to any future actions involving the new multisig.

Rationale

Activating the Community Fund now aligns with the purpose defined in the Status whitepaper by supporting the launch of Status Network and providing several benefits to SNT holders:

• Deep SNT liquidity and better execution on the L2 native apps
• Transparent rewards and incentives for early participation
• SNT (re-)listing in major centralized exchanges
• Security upgrade for the Community Fund multisig
• Governance framework upgrade for all future interactions with the Community Fund

This action is limited to launch-critical needs and does not constitute a broad release of Community Fund tokens.

Planned Deployment (Informational)

This section is descriptive and does not require a vote on exact amounts:

• ~300M SNT deposited into the SNT pre-deposit vault shortly after opening - this deposit will not dilute the LINEA rewards of other SNT pre-depositors
• ~150M SNT pre-deposited in early Q1 2026 with the same conditions
• Up to 25M SNT reserved as liquid rewards on the L2 based on TVL traction
• Remaining SNT prepared for liquidity seeding at L2 mainnet launch

Voting Options

Holders of both SNT and svSNT (SNT pre-deposited into the Status Network vaults) can vote

For - Approve unlocking 700M SNT from the Community Fund for L2 launch liquidity, and authorize relocating the remaining Community Fund balance to a new multisig

Against - Do not activate Community Fund at this time

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이것은 여러분이 투표권을 직접 행사하는 중요한 사안입니다.

Status Network의 가스리스 L2 출시를 앞두고, Status Community Fund에서 7억 SNT를 활성화하는 것에 대해 모든 SNT 홀더가 투표합니다.

무엇이 달라지나요?

• Community Fund의 7억 SNT가 해제되어 사전예치(pre-deposit) 금고로 보내지고, 추후 메인넷 출시 후 L2로 옮겨집니다.
• 초기 유동성 공급, 초기 사용자 보상, 빌더 인센티브, 거래소/인프라 파트너십 등에 사용됩니다

보안은 어떻게 되나요?

• 7억 SNT 해제 후, 남은 Community Fund 잔액은 보안이 강화된 새로운 다중서명 계정으로 이관됩니다
• 향후 Community Fund 사용에는 항상 커뮤니티 투표(여러분의 투표)가 필요합니다