Stake DAO

Project presentation: Protocol name: TempleDAO Docs: https://docs.templedao.link/ Twitter: https://twitter.com/templedao Website: https://templedao.link/

Summary:

We propose to whitelist TempleDAO on the Stake DAO Liquid Lockers to allow them to lock SDT and vote with veSDT.

Rationale:

TempleDAO was created to be a safe haven in a sea of risky assets, to facilitate long-term, stable wealth creation with a community-first mindset, and to elevate the overall DeFi experience for investors.

To benefit from the full utility of the CRV Liquid Locker, TempleDAO wants to build a sdCRV position to vote efficiently on the Curve pools of their choice. To maximize the utility of the lockers and boost their sdCRV voting power, while keeping the security of a multisig, TempleDAO requires whitelisted access to lock SDT tokens.

This will also allow them to re-stake CRV rewards into sdCRV, allowing them to further grow their sdCRV position and increase their voting power on Curve gauges directly from the Liquid Lockers platform.

TempleDAO is an important player in the FXS bribes market, whitelisting them to lock SDT for veSDT will also allow them to build a profitable sdFXS position in the future.

Means:

Human resources: Minimal developer time needed.

Treasury resources: No treasury resources needed.

Technical Implementation:

Update the SDT smart wallet whitelist.

Proposal specifications:

Admin: veSDT holders

Community feedback: 2 days minimum

Voting Duration: 3 days