- Edited
Summary
Whitelist C3 gauges as depositable vaults for treasury assets.
Motivation
Currently, the assets in our treasury lay dormant and are used purely for backing KLIMA. C3, a recent addition to the ReFi ecosystem, offers gauges for users to stake assets in return for governance. By depositing assets in C3 staking and liquidity gauges, KlimaDAO:
- Supports the alliance laid out in KIP-15,
- Gains yield on treasury carbon assets, and
- Acquires more C3 governance.
Since deposited assets continue to back tokens and (in the case of LP tokens) earn trading fees, there is negligible risk to the KlimaDAO treasury value and inflows. Note that staking in C3 gauges requires a locking period, with boosted rewards for longer periods. This KIP also delegates the right to choose appropriate locking timelines for each staked asset to the Policy team in accordance with broader policy priorities. For further risk assessment, see the auxiliary document.
Proposal
- Allow the Policy Team to stake up to 50% of each eligible treasury asset into C3 vaults.
- Allow the Policy Team to vote for gauge rewards using locked C3 governance tokens.
Polling Period
The forum poll begins now and will end at 18:00 UTC 11/04/2022 . Assuming in favour, this vote will go to Snapshot.