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executedEnded 2 years ago ยท  Onchain

UIP-012 Update Arbitrum Dripping Schedule

By 0x7a0C...022Be4

Abstract

Update Arbitrum dripping schedule to send another 1,296,000 UNION tokens to Arbitrum.

# Motivation

This proposal aims to resolve the issue identified in UIP-008, which was intended to update the Union dripping schedule for Arbitrum. The problem with UIP-008 was that it proposed dripping a total of 1,296,000 UNION to Arbitrum. However, while updating Arbitrum's existing dripping schedule, UIP-008 mistakenly set the total dripping amount to 1,296,000 without accounting for the amount previously dripped. This error caused the Arbitrum dripping to stop, as the previous dripped amount was already greater than the newly proposed amount. To rectify this, we propose changing the total dripping amount to the sum of the previously dripped amount (2,400,000) and the newly proposed amount (1,296,000), bringing the total to 3,696,000.

# Specification

- Invoke the Treasury.editSchedule() function to modify the dripping schedule for Arbitrum. Set dripStart to the block number at which UIP-008 was executed. The dripRate should be set to 1 UNION per block. Specify the target as the ArbConnector (address: 0x307ED81138cA91637E432DbaBaC6E3A42699032a). Set the total dripping amount to be 3,696,000 UNION.

# Test Cases

Tests and simulations can be found here: PR

# Implementation

Call Treasury.editSchedule() to update the dripping schedule for the Arbitrum.
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Votes 3
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0x7a0C...022Be4
58M

FOR

0xcc0C...9cE4C3
36,502

FOR

0x28d9...668151
0.00

FOR

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0
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Proposal Status
  • Mon January 22 2024, 06:05 amPublished Onchain 0x7a0C...022Be4
  • Tue January 23 2024, 06:26 amVoting Period Starts
  • Fri January 26 2024, 07:06 amEnd Voting Period
  • Sat January 27 2024, 07:39 amQueue Proposal
  • Tue January 30 2024, 03:03 amExecute Proposal
Current Results

1-FOR

58.037M

2-AGAINST

N/A Tokens

0%

3-ABSTAIN

N/A Tokens

0%
Quorum 58.037M/40M
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