- xSDT HOLDERS WILL BE ABLE TO VOTE ON THIS PROPOSAL. IF YOUR xSDT ARE STAKED IN THE PALACE, PLEASE WITHDRAW THEM TO BE ABLE TO VOTE. (There are no penalties for withdrawing from the palace).
- This is the second in a 2 part proposal; see part 1 "SDIP #3.1 - Distribution of EPS rewards” here.
The context for this SDIP can be found in 3.1 here
The DAO has benefitted from very high APY from farming EPS as per governance, The APY is now ~360% APY so it is responsible to reevaluate our original position.
Currently, we are claiming early and burning 50% of each airdrop and staking all of it for a further 3 months. The staking rewards are split as follows; 75% re-locked for 3 months to farm rewards, whilst selling 25% for SDT (70%) and CRV (30%).
The SDT is split equally between PPS stakers and gifts to The Sanctuary.
The SDT is be used to lock CRV into the PPS.
Should the DAO continue as before?
If you prefer to pivot, please leave your suggestions in the comments below. Whilst there are no “right” answers data-driven insights are typically the next best thing.
After 2 days at 09:00 UTC on Monday 24 May, a vote will be published on signal to formalise the poll above. If there are multiple options to decide from, they will be presented to the DAO to vote on. Stake DAO will take a snapshot shortly prior to publishing the vote.