Transfer the SDT/BNB DefiEdge Gauge to Bril vaults

Gauges
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Overview

  • We propose enabling the two gauges of the vaults managed by Bril for SDT/BNB and BNB/SDT.

Background

  • SDT/BNB 0.25% fee tier already had a gauge enabled for the DefiEdge position manager
  • Since DefiEdge ceased its position manager activity, we will stop incentivising this vault and would like to invite users to migrate to a new position manager vault by Bril
  • We therefore propose enabling the two gauges of the vaults managed by Bril
  • Link to the previous proposal: Enable SDT/BNB (0.25% fee tier) gauge on BNB chain

Details

  1. Boost Multiplier and Emission Cap % : 1x / 0.5%
  2. Audits: :closed_lock_with_key: Audits – Stake DAO Documentation
  3. Token Utility: veSDT allows users to boost their voting power on various protocols (Curve, Balancer, Frax, Pendle, etc.) and soon on PancakeSwap, allowing them to increase their bribe revenue.
  4. Volatility: SDT is a governance token with normal volatility
  5. Oracles: no oracle is used by Stake DAO
  6. Control: currently a 4/7 multisig including doxxed individuals. Soon an onchain governance contract (it has been voted but is being implemented)
  7. Merit: Beyond being the only trading pair for SDT on BNB Chain, it will help increasing the lock rate of CAKE.

Links

  1. Token address: 0x07715EE7219B07b8e01CC7d2787f4e5e75860383
  2. Liquidity pool addresses:
  • SDT-BNB: 0x1dE329a4ADF92Fd61c24af18595e10843fc307e3
  • BNB-SDT: 0xa0bec9b22a22caD9D9813Ad861E331210FE6C589
  1. Website: https://www.stakedao.org/
  2. Socials: Twitter: @StakeDAOHQ - Telegram: Telegram: Contact @StakedaoHQ
  3. Documentation: https://docs.stakedao.org/
  4. Github: Stake DAO · GitHub
  5. Coingecko: Stake DAO Price: SDT Live Price Chart, Market Cap & News Today | CoinGecko
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Thank you for your application! The Kitchen has enabled the SDT/BNB (0.25% fee tier) and BNB/SDT (0.25% fee tier) ALM gauges from Bril Finance on BNB chain with 1x boost multiplier and 0.5% emissions cap.

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