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Create Update Week 22 2021 03-06-21.md

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# Governance Update
## Live Votes [On-Chain]
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| (Proposal #15) PTIP 16: C4 Audit + PTIP 17: Sponsorship | Treasury | [Vote](https://vote.pooltogether.com/proposals/15) |
Summary:\
[PTIP 16](https://gov.pooltogether.com/t/ptip-16-c4-audit-contest/1137) will fund a Code Arena (C4) contest to audit the critical components of the PoolTogether codebase as well as new yield sources.
[PTIP 17](https://gov.pooltogether.com/t/ptip-17-deposit-usdc-into-usdc-prize-pool-sponsorship/1146) will deposit the $4.8 million of USDC currently sitting in the timelock 7 contract into the sponsorship of the USDC prize pool.
Closes: June 8
## New Discussion Posts
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| | | [Discuss]() |
Summary:\
Date Created: \
Last Active:
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| PTIP-19 Drip 50 POOL/day to LINK Pool. Turn reserve rate to 50% | Product | [Discuss](https://gov.pooltogether.com/t/ptip-19-drip-50-pool-day-to-link-pool-turn-reserve-rate-to-50/1169) |
Summary:\
Proposal to to drip 50 POOL/day to the LINK prize pool for a total of ten weeks. This would require a total of 3500 POOL from the treasury.
LINK is one of the most popular tokens in the crypto space. However, there are not many places to earn yield on the token.
Date Created: June 1\
Last Active: June 1
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| PTIP-18 Use USDC in treasury to earn yield for the PoolTogether protocol | Treasury | [Discuss](https://gov.pooltogether.com/t/ptip-18-use-usdc-in-treasury-to-earn-yield-for-the-pooltogether-protocol/1152) |
Summary:\
Proposal to take $2,000,000 of USDC from the treasury and deploy it on the Rari Capital Stable Pool for a period of one year.
This is a relatively safe, and simple way to increase the value of the PoolTogether treasury passively over time.
Date Created: May 28\
Last Active: May 29
## Ongoing Discussions
| Name | Category | Link |
| ------------- |:-------------:| :-----:|
| Bridging POOL to Polygon | Strategy/L2 | [Discuss](https://gov.pooltogether.com/t/bridging-pool-to-polygon/1099) |
Summary:\
This proposal allows us to bridge the POOL token to Polygon while retaining voting power.
Update:
This proposal has been executed so that [POOL has been bridged to Polygon](https://gov.pooltogether.com/t/bridging-pool-to-polygon/1099/9).
Date Created: May 18\
Last Active: June 1