The Stacks Endowment SIP (SIP-031) has been refined through community feedback to strengthen its alignment with the vision of making @Stacks the foundation of the Bitcoin economy.
With the vote approaching, here are the key updates to the proposal based on YOUR feedback 🧵👇
1/ Overview: SIP-031 proposes a consolidated STX treasury, funded by new emissions, and an operational entity to enhance protocol development, marketing, and growth.
The goal is to position Stacks as a top 10 ecosystem leveraging sBTC and Bitcoin’s $2 trillion market cap.
2/ Supporting Diverse Builders: Community feedback highlighted the need to balance DeFi with other use cases.
The SIP now clarifies DeFi as a catalyst for liquidity, while supporting memecoins, NFTs, gaming, AI, and infrastructure through grants and technical assistance.
3/ Community Marketing Budget: A dedicated allocation for community-led marketing, including X spaces and art initiatives, has been added.
Funds will be managed by a Community Marketing Working Group, with quarterly reviews by the Treasury Committee.
4/ Addressing Reputational Risks: A new section addresses execution risks, STX price impacts, perceptions of excessive token issuance, and centralization concerns.
Transparent reporting and locked token sales ensure trust, while SIP governance maintains decentralization.
5/ Enhanced Reporting: The SIP now specifies annual reports, quarterly updates, on-chain mint address transparency, and monthly public engagement sessions to balance transparency with operational efficiency.
6/ Token Burn Criteria: If endowment assets exceed $1 billion (e.g., due to high STX prices or sBTC revenue), a framework will evaluate token burns, with outcomes determined by public SIP votes.
7/ Endowment Neutrality: The endowment will neither vote in SIPs nor stack STX, ensuring governance neutrality and fair PoX reward distribution.
8/ Conclusion: Community input has strengthened SIP-031 to foster a diverse, transparent, and thriving Stacks ecosystem.
Review the draft and provide feedback (link below). Your voice shapes the future of Stacks!
90
11.49K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.