SDGP-69: Claim Deadline for sdPENDLE and sdBAL Voting-Power Rewards

Governance Proposals (SDGP)
1

Author: Stake DAO Association Category: A — Stake DAO Governance Proposal (SDGP)

Summary

This proposal sets a final claim deadline of October 30, 2026 for the residual voting-power rewards available to sdPENDLE and sdBAL holders through the existing Merkle-claim contract. These rewards correspond to voting-power-based incentives accrued by the underlying locker positions prior to the discontinuation of voting-power rewards for both vePENDLE and veBAL. As neither product generates new voting-power rewards, the distribution is being sunset.

Motivation

The Merkle-claim contract for sdPENDLE and sdBAL holders contains residual rewards originating from voting-power-based incentives accrued by the underlying locker positions. Following the discontinuation of voting-power rewards for both vePENDLE and veBAL, no further voting-power rewards will be generated for these products and the existing distribution is terminal in nature.

To give holders adequate time to claim their allocations, and to align the claim window with the broader sdBAL wind-down timeline, this proposal sets a single, final claim deadline of October 30, 2026.

Specification

1. Terminal claim deadline

The claim window for the Merkle-claim contract distributing residual sdPENDLE and sdBAL voting-power rewards shall remain operational until October 30, 2026 (the “Terminal Claim Date”).

2. Sunset of voting-power reward distribution

No further voting-power rewards will be added to the Merkle-claim contract for sdPENDLE or sdBAL after the adoption of this proposal. The distributions are sunset and will not be updated, save for technical adjustments strictly necessary to preserve the integrity of the existing allocations.

Any such technical adjustments shall be executed by the Stake DAO via its operational multisig and limited to actions that do not alter the size, eligibility, or allocation of existing entitlements.

3. Reasonable-notice provision

The Stake DAO Association will publish at least three (3) reminder notices through its official communication channels, the governance forum (gov.stakedao.org), X/Twitter (@StakeDAOHQ), or the protocol front-end (stakedao.org), no later than 90 days, 30 days, and 7 days prior to the Terminal Claim Date. The Association will use reasonable efforts to publish additional reminders through ancillary channels (including Discord) where practicable.

4. Treatment of unclaimed amounts

Following the Terminal Claim Date, any tokens not claimed will be transferred to the Stake DAO treasury. Holders are solely responsible for actively claiming before the Terminal Claim Date.

Holders may verify their eligibility and allocation, and access the claim interface, at: Stake DAO | Portfolio . The Merkle-claim contract addresses are:

  • sdPENDLE: 0x5Ea630e00D6eE438d3deA1556A110359ACdc10A9

  • sdBAL: 0xF24d8651578a55b0C119B9910759a351A3458895

Timeline

Milestone Date
Adoption — voting-power reward distribution declared sunset T0
90-day reminder notice August 1, 2026
30-day reminder notice September 30, 2026
7-day reminder notice October 23, 2026
Terminal Claim Date October 30, 2026
Sweep of unclaimed amounts to Stake DAO treasury Following October 30, 2026

How to claim

Connect your wallet at Stake DAO | Portfolio .

Check your sdPENDLE and/or sdBAL voting-power-reward allocation.

Submit the claim transaction before October 30, 2026.

Unclaimed allocations after that date are forfeited to the Stake DAO treasury and cannot be recovered.

Vote

  • For (Yes): Approve the Terminal Claim Date of October 30, 2026 for sdPENDLE and sdBAL voting-power rewards, and the sunset of those distributions as described.

  • Against (No): Reject the proposal.

  • Abstain: Take no position.

Parameter Value
Forum debate period 3 days minimum
Voting period 7 days
Debate and vote Sequential (debate first, then vote)
Quorum 15% of total vlSDT supply
Approval threshold Simple majority (>50% of votes cast, excl. abstentions)
Anticipated execution If super-quorum is reached

References

Legal Annex

Nature of this document

This document is a non-binding governance coordination notice published by the Stake DAO Association (a Swiss not-for-profit association) for the benefit of participants in the Stake DAO governance process. It does not create contractual rights or obligations between any person and the Stake DAO Association, between any participants, or with any third party. Where this document refers to actions to be taken by smart contracts, those actions are performed autonomously by code deployed on a public blockchain and are not undertaken by any legal person on behalf of any other legal person.

Regulatory & Legal Notice

This document is a governance coordination notice relating to the operation of a decentralised protocol. It is provided for informational purposes only and does not constitute an offer, solicitation, recommendation, investment advice, or any regulated financial service in any jurisdiction.

The Stake DAO protocol operates through non-custodial smart contracts. The Stake DAO Association does not custody or take title to user funds. Nothing herein is legal, regulatory, accounting, financial, or tax advice. Participation is voluntary and at each participant’s own risk.

Restricted persons. Nothing in this document is directed at, or intended to be acted upon by, any person who is (a) a U.S. Person as defined in Regulation S under the U.S. Securities Act of 1933, (b) ordinarily resident in any jurisdiction in which participation would be unlawful, or (c) the subject of sanctions administered by the United Nations, the European Union, SECO, the United Kingdom, or OFAC.

Risk Acknowledgement

Holders expressly acknowledge and accept: (a) Forfeiture risk — failure to claim before the Terminal Claim Date results in forfeiture to the Stake DAO treasury; (b) Smart-contract risk — audited code is not warranted to be free from defects; (c) Market risk — token values may vary materially during the claim window; (d) Regulatory risk — applicable regulatory frameworks may evolve; (e) Tax risk — holders are solely responsible for their own tax obligations.

Provisions

Limitation of Liability. To the fullest extent permitted by applicable law, neither the Stake DAO Association nor any person acting on its behalf (each a “Released Party”) shall be liable for any loss arising out of or in connection with this proposal, including any failure by a holder to claim within the Terminal Claim Date. Nothing in this section excludes liability for fraud, wilful misconduct, or any other liability that cannot lawfully be excluded under Swiss law. Aggregate liability to any individual claimant shall not exceed USD 100, or — where the claimant has paid protocol fees to a Released Party in the preceding twelve (12) months — the lesser of those fees and USD 100. .

Force Majeure. No Released Party shall be liable for any failure or delay resulting from causes beyond its reasonable control, including network failure, smart-contract exploits, regulatory orders, or acts of God.

Governing Law and Dispute Resolution. This proposal is governed by the laws of Switzerland. Any dispute shall be finally resolved by arbitration administered by the Swiss Arbitration Centre under the Swiss Rules of International Arbitration. The seat of arbitration shall be Zurich, with a sole arbitrator, in English.

Severability. If any provision is held invalid, illegal, or unenforceable, it shall be severed and the remaining provisions shall continue in full force.

Amendment. This proposal may be amended only by a subsequent proposal adopted in accordance with the Stake DAO governance framework.

Notices. Official communications will be published through (i) gov.stakedao.org, (ii) @StakeDAOHQ on X/Twitter, or (iii) stakedao.org.

This proposal follows the Stake DAO Proposal Framework.

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