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Tetu.ioTetu.ioby0xA966e4E25d3baE14a9a34E63Ee4E5a0d179AB39f0xA966…B39f

Unpack 534 million TETU from FundKeeper.

Voting ended about 3 years agoSucceeded

FundKeeper holds TETU prepared for other networks. FundKeeper https://polygonscan.com/address/0x7ad5935ea295c4e743e4f2f5b4cda951f41223c2 More info here about TETU mint schedule https://docs.tetu.io/tetu-io/protocol/tokenomics.

We received some feedback with concerns about such a huge unvested amount without clear rules about the distribution schedule.

We are offering the following:

  1. According to distribution rules, split this amount into 70/30 proportions. 70% for future reward initiatives. 30% for DevFund.

  2. 70% will be bridged to the mainnet where it will be locked in a new immutable contract for future distribution: 6 months cliff (delay). 12 months distribution period with linear formula.

  3. 30% will stay on Polygon and will be locked into a new immutable contract with the following rules: 24 months distribution period with linear formula

Vesting contract: https://github.com/tetu-io/tetu-contracts/blob/dev/contracts/tools/Vesting.sol

The mainnet is the most suitable place for such a significant amount of rewards. Rewards suppose to attract liquidity and no other place contains enough liquidity at the current moment.

If we need rewards at any other places we can mint the remaining TETU and make a dedicated decision.

Additional resources will open an opportunity to hire more devs and increase the productivity of our development cycle.

Immutable contracts will perform bridging without EOA participation (similar to tetuBAL solution).

Off-Chain Vote

Yes
29.12M veTETU75.8%
No
9.31M veTETU24.2%
Download mobile app to vote

Timeline

Jan 20, 2023Proposal created
Jan 20, 2023Proposal vote started
Jan 23, 2023Proposal vote ended
Oct 26, 2023Proposal updated