SSGT Upgrade

YFDAI are proposing the creation and deployment of an upgraded SSGT token to replace the current SSGT. If approved this token will allow YFDAI to operate master contracts for staking and farming, deploy and manage rewards and better support and sustain a growing dynamic DeFi ecosystem.

It is worth noting that if this proposal is not approved there will be ongoing implications in terms of platform growth, product growth and product deployment.

Key points to consider: SSGT Token Supply: 210,000,000 Proposed New Token Initial Supply: 420,000,000 Proposed swap: 1:2 dropping to 1:1 after 6 months

Token Features: Mintable – Yes Tradable – Yes Inflationary - Fixed percentage at 5% To be reviewed annually (at a minimum) by governance Utility – Governance, Platform Discounts, Profit Sharing, Farming Liquidity Provider Rewards, platform rewards, lending and borrowing rewards, Staking Rewards Sold or held by YFDAI as treasury - No

Proposal outline is pinned in the YFDAI Governance Channel on Telegram