[StakeDAO] [FINAL] [STIP - Round 1]

StakeDAO: @Hubirb

From @Seedgov led by the @cattin delegation, we want to convey our support to this proposal. The reasons why we agree are as follows:

  • They propose implementing their CRV SL solution, “sdCRV,” on Arbitrum; this would be the first non-Ethereum LST for CRV. In addition to the composability that this can bring on its own, it helps attract Curve incentives from Ethereum to Arbitrum.
  • The grant incentivizes the sdCRV/CRV LP to help maintain the peg; although a bridge connected to native sdCRV will aid in linking.
  • StakeDao will accompany with their SD token, valued at $150,000, which they will use to incentivize stakers to direct emissions to Arbitrum through votemark.

We want to clarify that this is not the final vote, since as we clarify in this release, the final vote is defined by our community. We also want to invite you to attend our Governance Call that will be held tomorrow in our discord.

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