Abstract

• Drip of 1 UNION for 6 months to the Comptroller on Arbitrum.

• Set half decay point of the Arbitrum Comptroller to 250,000.

Motivation

As there is not yet a v2 deployment on Arbitrum, we propose to continue a 1 UNION per block drip for the next 6 months to the users of Union on Arbitrum. At the end of the 6 months we can revisit the question, as it seems likely there will either be an Arbitrum v2 deployment or everyone will have migrated to Union v2 on Optimism.

We also propose lowering the half-decay point to 250k. Now that v2 is insured it doesn’t make sense to continue to over incentivize TVL on v1.

Specification

• Call Treasury.editSchedule() to change the dripping schedule for Arbitrum. Set the dripStart to be the block number when executed, dripRate to be 1 ether, target to be ArbConnector (0x307ED81138cA91637E432DbaBaC6E3A42699032a), and amount to be 1,296,000

• Set the half decay point of the Arbitrum Comptroller to 250,000

Test Cases

Tests and simulations can be found here: PR

Implementation

For Mainnet:

• Call Treasury.editSchedule() to update the dripping schedule for the Arbitrum.

For Arbitrum

• Call Comptroller.setHalfDecayPoint(“250000”) to set the half decay point to 250,000.