*** This is a governance proposal to start a rewards program with OVL distribution ***
Overlay Protocol has recently shared a Mirror article called ‘Litter Box 1, OVL and rewards program’.
Per that article,
- Overlay is launched on Ethereum Mainnet
- OVL token is live. Through a Snapshot vote, the DAO will decide the initial community distribution
- ETH/USDC is the only open market as of today, no markets will be added without the green light from PlanckCat DAO
- Approval of distribution needs to happen via DAO
- OVL has no liquid market and there are no plans to launch one during Litter Box 1
The proposal is offering to start a reward program while distributing OVL to the community, details can be found in that Mirror article above.
After the criteria of Overlay Governance Framework met, a Snapshot poll will be open, and PCD NFT holders will be able to vote.
These are two options which are going to be offered on the Snapshot:
- Implement changes
- Request changes
Don’t forget that we want you to participate in discussions both on Discord and Forum before moving forward. So, let’s discuss about Litter Box 1!