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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
+
+