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Burn Unclaimed SUDO From Lockdrop & Airdrop


Proposal ID

451741...7728

Proposed

Feb 21st, 2023

Result details
Final Votes

Quorum

777.92K of 2.4M

Majority support

Yes

For

777.92K

Against

650

Abstain

0

Proposal

Make sure to delegate your SUDO to yourself or someone BEFORE voting starts (at https://www.tally.xyz/gov/sudoswap) since your voting power will not count if not done in time.

As we approach the end of the lockdrop, there are a few things the DAO needs to discuss. According to the blog posted by the team on September 1 (https://blog.sudoswap.xyz/sudo-distribution.html), “The SUDO that is not distributed during the lockdrop will go back to the treasury.” At the time of writing, roughly 80% of XMON has been locked for SUDO (https://etherscan.io/address/0xada31f59e70ad18665380f21ce49d4c43f9865c2).

I am proposing to burn the unclaimed SUDO from the lockdrop and airdrop. This will lower the circulating and total supply depending on final lockdrop participation rates. The amount of SUDO in the treasury, if this proposal passes, will not deviate from the original intended distribution (https://blog.sudoswap.xyz/sudo-distribution.html).

This is more of a “temperature check” vote as any execution, if necessary, will need to be determined after the lockdrop ends on 3/1 and airdrop claim ends around 5/1.

By voting “For” on this proposal, you support burning the unclaimed SUDO from the lockdrop and airdrop.

By voting “Against,” you do not support this proposal.

Final Votes

Quorum

777.92K of 2.4M

Majority support

Yes

For

777.92K

Against

650

Abstain

0

Final Votes
Status

Tue Feb 21, 01:10 am

Draft created

Tue Feb 21, 01:09 am

Published onchain

Fri Mar 3, 10:04 pm

Voting period started

Mon Mar 6, 10:04 pm

Voting period ended

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