Adjust stkTRU rewards before they run out
Summary
stkTRU rewards are set to run out in ~7 days. On-chain governance needs to decide between minting TRU needed to refill the distributor, or turning off stkTRU rewards.
Background
The current stkTRU rewards rate is 125,000 TRU/day. At current, stakers are receiving ~33% ROI in return for staking.
Stakers have exposure to one loan – a tfUSDC loan to TrueTrading due July 24. It is not expected that stakers will have exposure to additional new loans in the near future. stkTRU is needed to participate in TrueFi on-chain governance votes.
Next steps
We propose to disable TRU rewards / set it to 0 TRU / day, empty the distributor and send the remaining funds (currently ~1 mm TRU) to TrueFi DAO Treasury (Timelock).
Option 1: Yes, I support setting rewards to 0 and sending the remaining balance to the DAO treasury Option 2: No, I support leaving rewards at 125k TRU per day Option 3: Abstain
| Voter | Cast Power | Vote & Rationale |
|---|---|---|
 0x96E2...de069f | 38.02M | Yes, set rewards to 0 |
 0x2bBd...BfB1bF | 14.565M | Yes, set rewards to 0 |
 0x9007...28012f | 388,785 | Yes, set rewards to 0 |
 0xdB79...58777d | 1,000 | Yes, set rewards to 0 |
 0xa6D5...81e69d | 298 | Yes, set rewards to 0 |
VOTE POWER
Proposal Status
- Fri May 19 2023, 01:31 pmVoting Period Starts
- Mon May 22 2023, 08:00 amEnd Voting Period
Current Results
1-Yes, set rewards to 0
52.975M
2-No, keep at 125k TRU per day
153.052