Dear DIA community,
As defined per GDP #015 the DIA team calls for a vote on the deferred usage of the 2023 treasury unlock, in order to be able to continue the current positive momentum.
Summary of Previous Vote (GDP #015)
The outcome of the vote on GDP#015 was a combination of a team proposal and a community proposal. The team proposal was Option 01: No release in December, which - subject to a DAO vote - intended a release of tokens if the market takes a bullish turn in order to support operations. The community proposal Option 04: Airdrop for Voters, supported active participants in community votes with a total of 91.500 DIA, which has been executed.
Current Conditions and Opportunities
Since a while we are seeing a sustained bullish market environment and the timing lines up well with the announcement and rollout of DIA’s new architecture Lumina. We are faced with several needs and opportunities that require DIA tokens in order to further continue and accelerate our roadmap.
Proposed Uses of Funds
Staking incentives
DIA Lumina relies on a combination of cryptographic and crypto-economic security. In order to provide attractive yields to token holders who stake their DIA, staking pools must initially be supported by the treasury to bridge the time until revenues can fully cover the reward pools’ token needs.
Increased volume, especially on the buy side
The market has received DIA’s new product announcement positively, leading to massive increases in trading volume. In order to ensure efficient trading across venues, our market makers require additional DIA tokens for the buy side of investors. These tokens shall be made available in order to not miss additional potential price momentum, ensuring sufficient order book depth and liquidity across CEXs and DEXs.
Team incentives
As our product matures, our team grows along with it, ensuring that the need for maintenance, further development, and the additional demand for integrations are being served frictionlessly. As we look to hire top talent for the BD and tech teams, we propose to allocate additional DIA packages. These packages will not be distributed right away, but vest over several years to ensure long-term incentivisation and commitment.
Proposed Allocation Details
- 40% Ecosystem incentives, incl. staking (≈ 3,62m)
- 25% Liquidity management, incl. market maker and DEX pools (≈2,26m)
- 20% Long-term employee token option plans (≈1,81m)
- 15% Strategic reserve (≈1,35m)
The final allocation of tokens and usage of the strategic reserve will be determined based on a variety of factors, including but not limited to market conditions, operational needs and long-term strategic requirements. Allocations are subject to adjustment over time to ensure best allocation of resources, ensuring that token distribution serves the best interests of the project and its community.
Voting Details and Instructions
The vote is hereby open and will remain active for the coming 48 hours.
DIA token holders can vote for this proposal with Yes or No. The option with the highest amount of DIA votes will be the winning option and will be implemented.