The haiVELO daily rewards update is nearly ready for deployment. Due to the wide variety of reward assets received through Velodrome bribes, the governance overhead required to pass DAO proposals for each asset swap into HAI and subsequent distribution to haiVELO depositors would be too burdensome.

To streamline the haiVELO Superchain voting strategy and maximize yield for depositors, the DAO’s veNFTs will be transferred from the treasury to a team-managed multisig wallet. This setup will support the initial phase of the Superchain reward flow while the haiVELO product scales. In the near future, these operations will be transitioned to a dedicated smart contract for full automation. This approach enables real-time bribe swaps, reducing market exposure and ensuring that haiVELO depositors consistently receive optimal returns.

This proposal includes the following actions:

1. Transfer veNFTs to 0x7F4735237c41F7F8578A9C7d10A11e3BCFa3D4A3

2. Update baseTokenManager on the haiVELO contract to 0x7F4735237c41F7F8578A9C7d10A11e3BCFa3D4A3