0xc734…d46f on-chain memos

0xc734011d…d46fsent to0xb3a87172…87f02022-12-19·#16,221,191·0xc63ebcc1…06b404

# TBR-Q1-2023 - Executive Team Purpose The Executive-Team has been the primary custodian of prize pool contracts and prize liquidity since V4 inception. We handle custody and transaction matters where directed by governance, such as claiming rewards, and receiving tokens on networks other than mainnet. We are the goto solution for maximum security custody for the community. We will continue the custody of delegations for the Community Team, Grants, and SerHotMike. Custody continues to be $300k in total. We continue with a custody limit of $750k to put a hard cap on our total custody. Activities that approach the cap will be brought forward as an alert. Any funds over that amount will need to be approved by a vote to change the cap. This gives the community a clear picture of what our custody risk is. More info on https://gov.pooltogether.com/t/rfc-tbr-q1-2023-executive-team/2667

0xc734011d…d46fsent to0xb3a87172…87f02022-04-15·#14,591,867·0xd91c0eac…75606a

# PTIP-68: Ondo LaaS OTC settlement # PTIP-68 ## Simple Summary Send 350,559.66 USDC to Ondo to settle LaaS program debt OTC. After settlement, the Ondo team will send back 307,693.06 POOL to the PoolTogether treasury (93,639 more than originally provided). ## Abstract The TWG proposes that the protocol send 350,559.66 USDC to Ondo to settle LaaS program debt OTC to avoid needing to rebalance on the market with low liquidity. ## Specification In order to receive the 307,693.06 POOL held within Ondo’s smart contracts now that the program has concluded, PoolTogether needs to settle the 350,559.66 USDC debt. ### Rationale When PoolTogether deployed POOL into the LaaS program, 214,000 POOL was allocated to the variable-rate position. Fei Protocol provided 1,134,200 FEI in the fixed-rate position, with a hurdle of 5.13% APY to be satisfied at maturity. The settlement terms highlight the difference in FEI + POOL at the conclusion of the program, where PoolTogether has an additional 93,693.06 POOL tokens, which are valued at $278,268.38 given today’s prices ($2.97 at time of writing). The DAO also received 67,828.55 TRIBE valued at $34,850.85 given today’s prices ($0.513808 at time of writing). Taking these amounts into account, the net cost to the protocol is roughly $37,440.43 when POOL and TRIBE is taken into consideration along with the senior position hurdle. Settling directly with Ondo will prevent further sell pressure on the POOL token, which would happen if POOL were exchanged for FEI directly on-chain. I spoke with Gabriel Bianconi from Ondo and reached an agreement on these terms. Upon execution of this PTIP, Ondo will send the 307,693.06 POOL back to the protocol treasury.