Summary

• Migrate 80% of TreasureDAO’s DAO-owned MAGIC/ETH liquidity on Arbitrum One to the Treasure L2 mainnet (100%) upon its launch.
• Migrate the other 20% of DAO-owned MAGIC/ETH liquidity from Arbitrum One to L1 Ethereum at the time of proposal passage.
• Institute new LP rewards to encourage migration of MAGIC and partner token liquidity from Arbitrum One on Sushi and Magicswap to Treasure L2.

Read Full Proposal

• Read the full proposal for TIP-43: Chain Migration Incentives here

Voting Eligibility

The following holders of MAGIC can vote:

• (A) Stakers in the TreasureDAO Governance Staking contract, and Sushi (MAGIC-ETH SLP) on Arbitrum One.
• (B) Holders of all listed Magicswap LP tokens and stakers in Beefy’s mooSushiMAGIC-ETH vault or Balancer’s 50% MAGIC / 50% USDC weighted pool.

gMAGIC will be calculated on a 1:1 basis in (A) and 0.5 ratio in (B) (50% of MAGIC amount)