Executed

SIP-52 Allocation of STRK for DeFi 3.0 Vault Rewards and Security Enhancement via Reward Distributor Contract


ID 52

ID 52

Proposed on: Mar 21st, 2024

Proposed on: Mar 21st, 2024

Votes

Actions

Type

Address

Details

Custom

0xe2e1...2602

_grantSTRK(..)

Custom

Account

0xe2e1...2602

Method

_grantSTRK(..)

Custom

0x453a...5fA3

approveRewardDistributor(..)

Custom

Account

0x453a...5fA3

Method

approveRewardDistributor(..)

Proposal

SIP-52 Allocation of STRK for DeFi 3.0 Vault Rewards and Security Enhancement via Reward Distributor Contract

Summary

Allocation of 10,000 STRK Tokens: A total of 10,000 STRK tokens will be allocated from the treasury for the DeFi 3.0 Vault rewards. This allocation is intended to drive further growth and engagement within the Strike Finance ecosystem by providing additional incentives for participation.

Implementation of the Reward Distributor Contract: To facilitate the secure and efficient distribution of staking rewards, a new Reward Distributor Contract has been created and will be set as the official reward distributor. This contract is designed with the latest security standards in mind, ensuring the integrity of reward distributions and protecting against potential vulnerabilities.

Motivation

In our continuous efforts to innovate and provide value to our community, we are introducing a strategic allocation of 10,000 STRK tokens towards the DeFi 3.0 Vault rewards under our regular plan. This initiative aims to further incentivize participation and investment in the Strike Finance ecosystem, leveraging the potential of decentralized finance to offer more compelling reward mechanisms to our users.

Votes
Status