Update SDL allocations for the upcoming 6 month veSDL gauge incentives and Ondo’s Liquidity-as-a-Service SDL/FRAX SushiSwap pool to 30MM and 10MM SDL respectively.
Given current market conditions and events including the remuneration plan it is in the protocol’s best interest to deploy the treasury more conservatively.
Adjust the 6 month veSDL gauge incentives to 5MM SDL a month (30MM SDL total over 6 months).
Adjust the SDL allocation for Ondo’s Liquidity-as-a-Service SDL/FRAX SushiSwap pool to 10MM SDL and 2.5MM FRAX for an implied initial price of $0.25 per SDL.
For: Update the veSDL gauage incentives and Liquidity-as-a-Service SDL allocations as described above.
Against: No change.