SLURP-55 | Monetization of Unclaimed DAO SxT for Operational Funding

SLURPs
1

Abstract

This proposal seeks authorization to sell the 672,210 unclaimed $SxT tokens currently held by the stake.link DAO Treasury for $USDC/$USDT to fund immediate and recurring operational expenses, securing the protocol’s financial runway.

The stake.link DAO Treasury holds 672,210 $SxT tokens that were part of the initial airdrop. As the 180-day claiming period has now expired, this proposal seeks to monetize these illiquid assets by executing a market sale for $USDC/$USDT. The resulting stablecoin balance will be allocated to cover essential recurring payments, security bounties, and future auditing costs.

Motivation

The financial stability of the protocol depends on a reliable, stablecoin-based treasury to cover necessary recurring expenditures. These expenses include, but are not limited to:

  1. Critical Security: Payments for security partners (e.g., Immunefi bounty program, Hypernative monitoring).

  2. Operational Excellence: Recurring payments for essential infrastructure and legal counsel (e.g., H&T).

  3. Future Auditing: Capital reserves for mandatory smart contract audits associated with new features or expansions.

Or any other Budget 2025/2026 approved services & associated costs.

Specification

The proposal requests the following actions be executed by the appointed multisig or mechanism:

  1. Target Asset: 672,210 $SxT tokens.

  2. Target Denomination: $USDC/$USDT.

  3. Execution Method: The sale of the 672,210 $SxT shall be executed on Binance where it has the deepest liquidity to ensure minimal slippage and best execution price.

  4. Recipient: All realized $USDC will be deposited into the designated stake.link DAO Treasury address 0xB351EC0FEaF4B99FdFD36b484d9EC90D0422493D

  5. Target Funding: The realized stablecoin balance will be earmarked primarily for existing, approved recurring payments and security reserves per the 2025/6 budget.

3 Likes
2

makes sense. but before we do this we need to be extremely loud on CT, Discord, Telegram, snail mail, everywhere that people need to claim their SXT or they will be sold.

The last thing we need is people complaining “SDL sold my build rewards and never even told me”

3 Likes
3

I agree with that. it’s decend to be used for funding, but be loud about it on twitter. Maybe even wait may 2026 (one year since airdrop) to sell the tokens so nothing bad can be said about stake.link

1 Like
4

Appreciate your comments but the 180 timeframe already passed, they are no longer able to claim, per

Can take this into account for our future airdrops (like the upcoming one) and alert weeks/days before it expires.

2 Likes
5

Great proposal @Tokenized2027

I am in favor of this.

1 Like