[TFIP-20] Discontinuation of Cicada Partners Pools and Services

Summary:

The proposal aims to discontinue Cicada Partners as a credit pool manager and stop receiving related services.

Background and Rationale: The economics of paying for services does not make sense based on both current TVL from inception of these pools and the revenue generated. Also, there is little hopeful evidence that this type of borrower-lender ecosystem can flourish any time in the near to medium future.

A detailed rational for the proposal and thread are mentioned here: https://forum.truefi.io/t/tfip-20-discontinuation-of-cicada-partners-managed-pools-and-services/1867/11

Next steps Snapshot vote: A 48-hour Snapshot vote will be conducted with the options: “OK to vote on Tally,” “Not OK to vote on Tally,” and “Abstain.” At least 5% of staked TRU must participate in this Snapshot vote to meet the quorum.

Amendment Period: If the 5% quorum is met, with a majority negative vote, a 72-hour period will follow to allow for any amendments or discussions before the proposal is posted to Tally.

On-Chain Vote: A final proposal will be brought to all stkTRU holders for an on-chain vote on Tally. If approved, the necessary transactions will be executed automatically.

Currently the Tally vote calls for the cancellation of the currently existing Sablier Stream to Cicada (ending otherwise at the end of September).

Implementation: If the on-chain vote passes, then the appropriate Tally transaction(s) will be passed/executed and all other hand-off matters will be coordinated by the Board of Directors and Cicada.