# Governance Update

## Recent Votes

| 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.

Outcome: Passed and Executed

Closed: June 8


| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| PROPOSAL #16 - PTIP-19 Drip 50 POOL/day to LINK Pool | Treasury/Incentives | [View](https://vote.pooltogether.com/proposals/16) |

Summary:\
Drip 50 POOL/day to LINK Pool

Outcome: Defeated

Closed: June 08


## New Discussion Posts

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| PTIP-20 DinoSwap Launch Partner “Extinction Pool” Farm | Treasury | [Discuss](https://gov.pooltogether.com/t/ptip-20-dinoswap-launch-partner-extinction-pool-farm/1206) |

Summary:\
DinoSwap.Exchange, a multichain “PancakeSwap” platform featuring tier-1 projects, is requesting 200k USD worth of POOL tokens in exchange for $2M USD worth of DINO Tokens to be emitted from the “Extinction Pool”.

Update:\
Initial polling shows little support for this motion

Date Created: June 07\
Last Active: June 09


| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| Evaluating POOL Distribution Changes | Treasury/Strategy | [Discuss](https://gov.pooltogether.com/t/evaluating-pool-distribution-changes/1222) |

Summary:\
Discussion evaluating impact of POOL distribution rates.

Suggestion to focus POOL distribution on “sponsorship” and not on “deposits” in order to get larger prizes to relatively smaller depositors.

Date Created: June 11\
Last Active: June 11

## Ongoing Discussions

| Name          | Category      | Link   |
| ------------- |:-------------:| :-----:|
| Pod of War: Defeating Yearn | Strategy | [Discuss](https://gov.pooltogether.com/t/pod-of-war-defeating-yearn/1149) |

Summary:\
Discussion focused on defeat Yearn by growing Pods until they eclipse the Yearn Strategy.

Date Created: May 28\
Last Active: June 10