PTIP-37

Simple Summary

Extend POOL drip for UNI, COMP, Dai, USDC, and SUSHI Ethereum pools until the end of October. Extend prizes and drip for the POOL pool as well.

Motivation

The POOL drips for most Ethereum pools will be ending within the next 2 weeks (see details here). This proposal serves to maintain the status quo of POOL incentives on Ethereum. However, it only extends the status quo for a relatively short amount of additional time. This is because the V4 prize pool will be launching in mid October and a larger incentive overhaul will be warranted then.

Rationale

This proposal is positioned mostly as an administrative change. It is possible we could use this as an opportunity to adjust drip rates, simply let the current drips expire or make some other type of more aggressive change. I’m open to those suggestions but my personal thought is it’s best to keep this simple and roll out bigger changes with the V4 launch.

Technical Specification

• Transfer POOL to the faucets for Dai, USDC, Sushi, UNI, COMP, POOL,
• End sablier prize stream to POOL pool
• Begin new prize stream to POOL pool

Note that to combine this with PTIP-38 we’re sending POOL to the eth ops team for disbursal. 1550 POOL will go to each of the UNI and COMP pools, and 1300 POOL will be swapped for PPOOL and deposited into the Sushi pool.

For the POOL Pool prizes the old Sablier prize stream will be cancelled and a new “Prize Chunker” contract used to stream prizes.

PTIP-38: Increase Ethereum Operations Team Budget

Simple Summary

The Ethereum Operations Team needs to increase its budget due to cost of mainnet transactions.

Abstract

This PTIP will add a new stream to the current Ethereum Operations Team. The new stream will be 210k ScUSDC.

Motivation

Over the last eight days 2 ETH has been consumed by the Defender relayer. The relayer is:

• Rewarding the prize pools
• Running Pod batching
• Claiming COMP for Compound Pools

The gas cost is about 1.75 ETH / week. At current Ethereum prices that’s about $5300 USD / week.

This number does not include LINK costs.

$5300 x 52 = $275600, so we’re going to ballpark the budget at $300,000.

Specification

Overview

This PTIP will:

• cancel the old Sablier stream (stream id 100260)
• create a new Sablier stream for 300k ScUSDC over one year