diff --git a/content/sips/content/sips/sip-423.md b/content/sips/content/sips/sip-423.md index e3d397a37..dbbd18633 100644 --- a/content/sips/content/sips/sip-423.md +++ b/content/sips/content/sips/sip-423.md @@ -2,7 +2,7 @@ sip: 423 title: sUSD Retirement & Staking Reform network: Ethereum + Optimism -status: Draft +status: "[Voting](https://snapshot.org/#/s:snxgov.eth/proposal/0x3cbe7236d2b112ebc5032a3dd534c93091f0dd9bd04c2e9151ab2e25ecfd66d3)" proposal: type: Governance author: Kain Warwick and Benjamin Celermajer @@ -144,7 +144,8 @@ SNX staking shall no longer require stakers to hold, stake, or acquire sUSD as a | Early exit condition | Repay remaining debt in full | Condition for leaving before lock/vest completion (Phase 3, early exit path) | | Staking reform deadline | TBD | Last date for solo staker migration or debt repayment | | Unclaimed sUSD entitlement treatment | TBD | Forfeiture, extension, or treasury recovery | - +| Synthetix revenue hurdle | $10m | Amount of revnue the protocol needs to generate before creating a sUSD for USDT claim mechanism | +| Share of revnue for sUSD distribution | 25% | The percentage of revenue used to redeem sUSD claims at 1 USDT once the Synthetix revenue hurdle is achieved |