Deposit the $4.8 million of USDC currently sitting in the timelock contract into the sponsorship of the USDC prize pool. For voting purposes, combine this action with PTIP-16.
This $4.2 million USDC was deposited into the time lock contract as part of the treasury diversification. It was suppose to be transferred in sponsorship tokens (in fact $1.15 million of it was) but due to transfer security constraints the remainder was not transferred as sponsorship.
Transferring into sponsorship simply means this USDC will be contributing value to the protocol and growing larger prizes while we decide what else we may want to use it for.
Technically this was already voted on. This is a housekeeping proposal to implement it.