yLockers Budget Request 4
wavey0x opened this issue · comments
Scope
yLockers team will own and manage ...
- yLocker products (e.g. yCRV, yBAL, yPRISMA, etc)
- Treasury veToken positions
- veBOOST
- yBribe
Plan
The following deliverables will be met as part of this plan.
- Continue yLocker product operations:
- Incremental improvements in automation, including bi-weekly Curve voting calcs
- Continue developing and enhancing B2B relationships, increasing demand for yLocker products
- Vote in protocol governance (primarily Curve DAO/gauge approval) in accordance with yearn's strategic interests + guidance from protocol risk teams.
- Execute weekly gauge votes and distribute or compound rewards (where appropriate) from treasury veToken positions. Effective today, we have spun up a sub team for making gauge vote decisions. More details about team can be found here...
- veBOOST migration process
- Support Curve devs' implementation of long-term fixes for:
- Yearn's stuck Convex veBOOST delegation (currently patched, not a final solution)
- Yearn's inability to use mainnet voter boost outside of Ethereum
- This BR specifically pertains to finalization and implementation of these contracts; these contracts have been in active development and a first draft will be completed prior to the start of this budget period.
- Support Curve devs' implementation of long-term fixes for:
- vl-yCRV audit complete and UI launch
- Complete the audit with ChainSec (previously incomplete)
- Provide UX feedback to web team for FE development
- Prepare yPRISMA
- Voter contract written and deployed
- Create launch plans, including airdrop distribution, docs, comms.
- Design and develop any periphery contracts required for upcoming PRISMA governance and token distribution
- Coordinate with Primsa devs for code reviews
- Publish Docs:
- vl-yCRV:
- Complete docs for VL users
- veCRV ownership:
- Create, review, and publish a process + docs outlining Yearn treasury's veCRV position and how Yearn discretionary gauge votes are paid for.
- vl-yCRV:
Deadline
from 2023-11-01 to 2024-2-01
People
yLockers Core team
Money
- This budget request covers the 3 months of November 2023, December 2023, and January 2024.
- The amounts below are the per month compensation request.
- The ask does not include compensation for non-core contributors (when needed, a separate BR will be submitted ad-hoc)
| Monthly Expense | DAI |
|---|---|
| Contributors | 30,000/mo |
| Archive node service | 400/mo |
| AWS | 80/mo |
Grand Total Amount
91,440 DAI
Revenue Sharing
Note: This is modified since past budget requests per this write up.
Revenue sharing is based on the sum performance fees from lp/st vault harvests, and does not include bribes collected from Yearn’s treasury veCRV position.
yCRV: 1x 🔵 (~$1k/mo)
yBAL: 5x 🔵
yLQTY: 5x 🔵
Wallet address
0xAAAA00079535300dDba84A89eb92434250f83ea7
Reporting
Monthly