closedEnded 3 years ago · Snapshot (Offchain)
Sunset Avalanche V4 Prize Pool
By 0x9314...DA64ECContinue Reading
The Finance team proposes sunsetting the Avalanche V4 pool
Reasoning
- Only 55k USDC in TVL
- No significant new deposits for months
- No plans to deploy V5 on Avalanche
- Yield has become outlier and managing $2 a day in yield not worth our efforts
- Remove general operations and costs (draw awarding and prize liquidity)
How it would work
- If Snapshot passes the ability to deposit to Avalanche would be removed from UI
- A 45 day notice would be broadcast across communication channels - UI banner, Discord, Twitter, and Community Call
- After 45 days we set the DPR to zero and prizes effectively stop
- Set balanceCap to zero so that no new deposits
- Remove prize liquidity in excess of outstanding claims. All claims are guaranteed but no new prizes need to be supported.
- Account/Withdraws would of course remain available on the app
This Snapshot will have the same qualifications to pass as an onchain vote.
Connect Wallet to Add Note
0Votes 110
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x9F36...7d02B9 | 65,039 | FOR |
 0x3bc1...c46A76 | 50,217 | FOR |
 0xe0e7...A11C27 | 48,022 | FOR |
 0x9314...DA64EC | 47,346 | FOR |
 0x6246...D10188 | 25,004 | AGAINST |
VOTE POWER
0
Connect Wallet
Proposal Status
- Mon June 26 2023, 08:03 pmVoting Period Starts
- Fri June 30 2023, 11:20 pmEnd Voting Period
Current Results
1-FOR
329,388.9
2-AGAINST
25,203.617
3-ABSTAIN
17,377.279