SIP2 — SOLI Rebalancing Date Change

Following community feedback, we have decided to split the previous proposal (SIP 1) into 2 separate proposals. This is a governance proposal to change rebalancing date to the 1st business day of each month (currently 1st calendar day).

SOLI’s current rebalancing takes place on the 1st calendar day of each month. This proposal aims to change the monthly rebalancing date to the 1st business day of each month. In ensuring that the rebalancing will happen on a business day, the entire team’s attention can be rapidly alerted if there are any issues with the rebalancing process.

The vote will be open from Monday, May 23rd at 4pm UTC and end Thursday, May 26th at 4pm UTC. Link here.

If the proposal is passed:

Monthly rebalancing will now occur on the 1st business day of each month.

Proposal voting instructions

1. Go to the SOLI Mango markets page
2. Click on “Connect wallet” button in the top right corner
3. Connect with wallet provider where you hold SOLI
4. Under “Your Account,” click deposit (NOTE — THIS WILL DEPOSIT ALL YOUR SOLI IN YOUR WALLET AND LOCK YOUR SOLI FOR THE DURATION OF THE PROPOSAL)
5. Click on the option you want to vote for
6. Sign the message via your wallet and done

If you have any questions feel free to reach out to us on Discord, Twitter, or Telegram.

Proposal: Link