SDGP-53: Boosting Liquid Lockers’ Liquidity via Pool Based sdTKN Voting Rights
Summary
This proposal introduces a voting mechanism allowing sdTKN tokens held in liquidity pools to contribute governance power to their respective gauges. Following the successful precedent of sdCRV on Curve (SDGP #21), this mechanism will be expanded to other Stake DAO Liquid Lockers where active liquidity gauges exist, including but not limited to Balancer, f(x) Protocol, and Yearn.
Background and Motivation
Stake DAO’s CRV Liquid Locker is recognized as the most advanced in functionality, and similar features are progressively being deployed across additional Liquid Lockers. Enabling sdTKN voting within its respective liquidity pools establishes a positive feedback loop that enhances both participation and liquidity:
More sdTKN in pool → Greater voting power → Increased rewards → Deeper liquidity
Implementation Details
- Enable sdTKN tokens deployed in liquidity pools to contribute gauges voting power
- Voting power will be treated as non-boosted, calculated as: voting power = amount of sdTKN in pool * minimum boost
- Implementation is limited to Liquid Lockers that have active-enabled gauges sdTKN liquidity
Means
- Human resources: Minimal development effort required, limited to Snapshot strategy adjustments.
- Treasury resources: None required
Voting Options
- Yes - Implement for all eligible Liquid Lockers
- No - do not implement this mechanism and rework the proposal
Proposal Specifications
- Admin(s): veSDT holders
- Community feedback: 3 days minimum
- Voting duration: 7 days
- YES
- NO
0 voters