Upon execution, this proposal will reduce the unstaking period to 0 for the current DAO.
This proposal also ratifies some changes in the settings of the new Liquidy DAO on Rujira:
- Lower the unstaking period to 7-day (vs. 21 days currently).
- Make the Ops Multisig the new vetoer instead of Kujira governance (since there is no Rujira governance module).
- Other parameters will remain as per current DAO.
This proposal also ratifies the initial capital deployment plan to rebalance the $1.0m of ETH, wBTC and USDC currently in the Ops Multisig as follow (in line with Proposal A55):
- Keep 30k USDC as cash reserve for ops expenses and grants
- Deploy $350k to BTC/USDC xyk LP
- Deploy $100k to ETH/USDC xyk LP
- Deploy $100k to ETH/BTC xyk LP
- Keep the ~$420k balance in ETH pending for another DAO discussion to decide how to allocate (shortly after we are live on Rujira).
This is the last governance proposal on Kujira, what a journey we had!
Time for the next chapter as Liquidy on Rujira, farewell old chain, we will miss you!