[IIP-40] M3-2024 budget transfer to Leagues

[Biaf]

Summary

The IIP transfers the M3-2024 funding to DAO Leagues.

References

• Leagues M3-2024: Roadmap and M2-2024 Recap post

Rationale

1. Leagues M3-2024: Roadmap and M2-2024 Recap

@Teo

The expected budget for M3-2024 is set at $167’500 in stablecoin.

Currently, the Treasury League multisig holds approximately $34,000 in stablecoins and $39,000 in ETH/LRTs, based on current market prices. However, it’s important to note that $41,000 needs to be deducted due to the fee-sharing agreement as part of the Fasanara Strategic Deal. Should the Temperature Check for IDLE tokenholders yield a positive result, we plan to transfer $135,500 USDT/USDC from the Fee Treasury.

Specifications

The IIP-40 consists of one action:

• 1 action to transfer 135,500 USDC from the FeeTreasury to the Treasury Leagues multisig

Next Step

The temperature checks for the above proposal have already been successfully closed. We are going to open the on-chain voting phase soon after the publication of this Idle improvement proposal.

[Biaf]

On-chain Voting Phase

Cast your on-chain $IDLE vote here: HERE
End date: 2024-08-09T19:00:00Z

$IDLE stakers (stkIDLE holders) can vote here: HERE
End date: 2024-08-09T15:00:00Z

The threshold to make the off-chain poll valid (both metrics should be reached):

• 20% of circulating stkIDLE voting the poll (min. ~70k stkIDLE)
• at least 70% on the same option.

The stkIDLE voting calculator will be used to calculate the final results.

Make sure you have been delegated to participate in this voting round