Summary
This proposal withdraws funds from the treasury for JupLend rewards: (1) withdraws 1M GHO from the treasury's fGHO position to Team Multisig for JupLend rewards, and (2) withdraws 1M FLUID tokens to Team Multisig for ongoing rewards funding.
Code Changes
Action 1: Withdraw 1M GHO from fGHO to Team Multisig for JupLend Rewards
- fGHO Contract:
0x6A29A46E21C730DcA1d8b23d637c101cec605C5B
- Withdrawal Amount: 1M GHO
- Recipient: Team Multisig (
0x4F6F977aCDD1177DCD81aB83074855EcB9C2D49e)
- Method: Redeem fGHO shares via BASIC-D-V2 connector to withdraw underlying GHO tokens
- Purpose: Withdraw funds from treasury's fGHO position to Team Multisig to fund JupLend rewards
Action 2: Withdraw 1M FLUID to Team Multisig for Rewards Funding
- FLUID Token Contract:
0x6f40d4A6237C257fff2dB00FA0510DeEECd303eb
- Withdrawal Amount: 1M FLUID tokens
- Recipient: Team Multisig (
0x4F6F977aCDD1177DCD81aB83074855EcB9C2D49e)
- Method: Direct token withdrawal via BASIC-A connector from treasury DSA
- Purpose: Transfer FLUID tokens to Team Multisig for ongoing rewards funding
Description
This proposal implements two treasury withdrawals to support user incentives:
-
GHO Withdrawal for JupLend Rewards
- Withdraws 1M GHO from the treasury's fGHO position
- Redeems fGHO shares to receive underlying GHO tokens
- Transfers GHO to Team Multisig to be bridged and used for JupLend reward programs
- Uses the BASIC-D-V2 connector to redeem fGHO shares in line with prior fGHO withdrawals
-
FLUID Withdrawal for Rewards Funding
- Withdraws 1M FLUID tokens directly from the treasury
- Transfers FLUID to Team Multisig for rewards funding
- Uses the BASIC-A connector for direct token withdrawal from the treasury DSA
These withdrawals help in efficient management and allocation of assets for incentives.
Conclusion
IGP-118 is a focused treasury management proposal that withdraws 1M GHO and 1M FLUID from the treasury to fund protocol rewards. The proposal withdraws funds from treasury ensuring safe and efficient fund allocation to Team Multisig in support of Fluid's multi-chain growth programs.
