SDGP-71: Whitelist 3.Finance - sdCRV TWAVP

Summary

This proposal requests whitelisting 3.finance from the TWAVP delay to immediately unlock boosted rewards for our permanently locked SDT positions, integrating a protocol that already enforces anti-mercenary temporal friction internally via a rolling 7-day reward distribution. This exemption removes artificial latency for structurally aligned capital, ensuring our permanent SDT commitments immediately secure their full reward-boosting capacity without compromising Stake DAO’s long-term incentive design.

Context

3.finance operates as a sovereign currency protocol engineered to issue GUILD—a stable, unencumbered currency backed by earned protocol equity (held in our Protocol-Controlled Vault) rather than redeemable debt. Our economic architecture maintains a strict separation of assets: our Treasury (The Grove) strategically acquires yield-generating derivatives like sdCRV to generate protocol revenue, while our SDT positions serve a distinct, highly aligned purpose. We systematically acquire and lock SDT specifically to secure Stake DAO’s boosted reward allocations for our depositors.

Rather than fragmenting our focus by actively managing gauge votes, 3.finance delegates its voting power directly to the Stake DAO core team. This delegation is a deliberate operational choice that allows us to focus our resources on expanding our own sovereign economic architecture, while ensuring our SDT and sdToken capital remains under the governance of those most dedicated to Stake DAO’s long-term success. For the Stake DAO community, 3.finance functions as a structural liquidity aggregator that provides locked capital and unwavering, unified governance support.

Rationale

The TWAVP mechanism is an essential anti-manipulation safeguard designed to filter out transient, mercenary capital attempting to flash-stake for short-term reward extraction and governance disruption. 3.finance’s capital architecture is fundamentally incompatible with this type of extraction, and we have engineered our own internal mechanisms to enforce this alignment.

To mitigate mercenary behaviour among our own depositors, 3.finance implements a rolling 7-day reward stream. Every time Stake DAO rewards are processed and allocated to our users, they are locked into a 7-day distribution window; if additional rewards are processed during that period, they are added to the pot and the 7-day distribution timer is reset. This imposes the exact same temporal friction on our users that TWAVP imposes on protocols.

Furthermore, just as our internal reward stream neutralises economic mercenary behaviour, our governance posture structurally reinforces Stake DAO’s cohesion. By delegating our voting power to the Stake DAO core team, we eliminate the risk of fragmented or adversarial governance influence. Mentioning this delegation clarifies our integration model: we are not seeking to bypass TWAVP to exert independent political pressure on gauge allocations, but rather to immediately unlock the economic yield of our permanent capital. Whitelisting 3.finance integrates a protocol that has engineered similar temporal friction internally, while consolidating its governance influence to actively support the core team’s established roadmap, ensuring our economic integration is purely additive to Stake DAO’s stability.

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Vote

For (Yes):
Approve the whitelisting of 3.finance’s integration address from the TWAVP ramp, granting its permanent positions full effective voting power and boost immediately, as described.

Against (No): Reject the proposal.
Abstain: Take no position.

Column 1 Column 2
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

Address for TWAVP whitelisting: 0xD7Ba3691750153f94dc0EB40bE09448F52f33b13

Those wishing to vote on this proposal may do so at:
https://snapshot.org/#/s:stakedao.eth/proposal/0xeec9d5380fb450c82a3f09844e109e948b361ee2dd5de8dd549372dd49cd59c4

no reason not to support it, missing 0.9m votes for quorum to be reached, please vote

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Vote: Snapshot

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