With the Launch of V5 on Mainnet the protocol now has the ability to migrate our Treasury that is still in V3 and V4 into the new Mainnet deployment.
Motivation
The Treasury still holds over 500k in funds that can earn yield and generate prizes. Currently the funds are not earning any yield or are earning it for the older versions. Depositing those funds into the V5 Mainnet deployment allows us to bootsstrap it and provides indirect incentives without spending any new funds directly.
Details
The Treasury funds can be seen here: https://info.pooltogether.com
We would mainly be moving the 91.4 SPETHWIN, the 22.9 ETH, the 116k USDC and the 108k PTaUSDC.
Thank you for bringing this forward! I really want to see this happen.
I do thing it’s worth considering the state of those deposits in V5 though - do we want the treasury to simply sponsor yield on the mainnet prize pool? Or do we want the treasury to win prizes? It’s my understanding that we can decide to sponsor by just setting a delegate address on the vaults we’d be depositing into.
I’m moreso towards the sponsoring route, but would love to hear people’s thoughts :3
Quick update:
We were able to add the stETH through swapping into the Tally Actions and will deposit that funds into the WETH Prize Vault. (Through Sponsoring)