Amendment to Include CIG Staking in Treasury Asset Distribution
Abstract This proposal amends the previously passed PIP to include NFT cards known as CIGs in the distribution of uncustodied assets. Holders of CIGs will be allowed to stake their cards alongside $JPGD tokens, with each CIG equivalent to 10 million tokens. Honorary CIGs are excluded.
Background The previous PIP outlined the cessation of pUSD/pETH lending, uncustodying of treasury assets to $JPGD holders, and a wind-down by Q2. CIGs have been a significant part of the protocol, with many valued at up to 30 ETH. Their inclusion ensures equitable distribution for their contributions.
Staking Eligibility:
Holders of CIGs can stake their NFT cards in the distribution contract by the Snapshot date in Q1. Each CIG is valued at 10 million $JPGD tokens for distribution. Honorary CIGs are excluded.
Distribution Mechanism:
CIG stakes will be calculated alongside $JPGD for the % share of uncustodied assets. Periodic distributions between Q1 and Q2 remain unchanged. Vesting Schedule:
CIG stakes follow the same 30-day cliff and 4-month linear vesting as $JPGD stakes. Timeline Immediate implementation upon passage. Snapshot date aligns with Q1 as planned. Distributions remain periodic through Q1 and Q2
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0xB0dA...8Ccbe9 | 5.056B | Against |
 0x0591...3adFA5 | 4.637B | Against |
 0xE470...dAC46D | 1.715B | For |
 0x9223...8dE305 | 1.162B | Against |
 0x48E7...c39A98 | 853.591M | Against |
VOTE POWER
Proposal Status
- Thu December 26 2024, 07:45 amVoting Period Starts
- Sun December 29 2024, 07:45 amEnd Voting Period
Current Results
1-Against
13.017B
2-For
2.276B