| SIP | Title | Author | Status | Track | Created |
|---|---|---|---|---|---|
0034 |
Completion of SIP-0015 and Additional Release of SOV |
Armando |
Approved |
Treasury |
2021-10-25 |
This SIP proposes the transfer of SOV from the Adoption Fund, Development Fund and GoverorVaultOwner to the Exchequer multisig.
-
SIP-0015: Sovryn Treasury Management (link provided here) approved an operating budget of 5,639,130.56 SOV to be made available to the Exchequer Multisig.
-
SIP-0029: Transfer of SOV Pursuant to SIP-0015 (link provided here) facilitated the transfer of 1,050,000 SOV from the GovernorVaultAdmin contract, to the Exchequer Multisig.
- The transfer of the additional 4,589,130.56 SOV previously approved in SIP-0015, to the Exchequer multisig.
- The transfer of SOV that is currently liquid for the Adoption Fund, Development Fund and GovernorVaultOwner to the Exchequer, which constitute a total of 13,085,263.33 SOV, which includes an amount of 4,589,130.56 SOV (previously approved by SIP-0015 but not transferred pursuant to SIP-0029).
This proposed transfer is needed in order to facilitate upcoming SOV expenses required for the purposes of development and adoption of the Sovryn protocol.
To date the Exchequer has deployed a total of 3,309,836.54 SOV for the purposes of further development of the Sovryn protocol. The breakdown of these expenses is available here.
To transfer the following SOV to the Exchequer multisig:
| SOV Pool | SOV to be Transferred | Contract Address |
|---|---|---|
| Development Fund | 2,231,626.08 | 0x617866cC4a089c3653ddC31a618b078291839AeB |
| Adoption Fund | 9,925,930.64 | 0x0f31cfd6aAb4d378668Ad74DeFa89d3f4DB26633 |
| GovernorVaultOwner | 927,706.61 | 0x05f4f068DF59a5aA7911f57cE4f41ebFBcB8E247 |
| Total SOV | 13,085,263.33 |
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