PoolTogether needs to transfer prize liquidity into the V4 Prize Distributors. This proposal will transfer sponsorship tokens to the executive team, who will distribute the tokens appropriately.
This proposal will transfer $350k ScUSDC to the Executive Team.
PoolTogether is currently subsidizing prizes across all V4 prize pools. Because liquidity is being consumed faster than interest builds, we need to explicitly transfer tickets into the Prize Distributor contracts.
This proposal will transfer ScUSDC tokens to the Executive Team. The executive team will unwrap those tokens as needed and deposit them into V4 prize pools. The Executive Team lead will decide how to balance the funds across prize pools and set up the transactions.
This proposal is transferring $350k ScUSDC because that is approximately the amount of prizes given out over one month. This proposal will give us another month of runway.