Fund smart contract deployment

The treasury now holds enough funds to cover smart contract deployments by Andre since the beginning of 2020 and two weeks forward till the end of August 2020.

This proposal is based on the on-chain data and tries to keep the budget tight only covering the gas costs.

You can verify the results in BigQuery.

select extract(week from date(block_timestamp)), sum(gas_price * receipt_gas_used / 1e18)
from `bigquery-public-data.crypto_ethereum.transactions`
where date(block_timestamp) > "2020-01-01"
and from_address = '0x2d407ddb06311396fe14d4b49da5f0471447d45c'
group by rollup(extract(week from date(block_timestamp)))
order by min(block_timestamp)

Total spent = 179.34 ETH
Spent on week 32 = 57 ETH
Grant amount = 179.34 + 57 * 2 = 293.34 ETH

ETH price = $432.55
yCRV price = 1.049435460475213212
yyCRV price = 1.043194224058814314

Amount to pay: 115,900 yyCRV
Pay to: 0x2D407dDb06311396fE14D4b49da5F0471447d45C (yearn: Deployer)

Query results

week,eth
,179.33831980673315
3,1.1606788822999998
4,1.7190457256642098
5,0.859609889704
6,1.2732523713
7,1.7638570866599999
8,2.9870456931000002
9,3.178885442
10,6.244556485
11,4.954084883699999
12,0.6877152415700001
13,0.36877399480000006
14,0.233559849
15,0.315273633
16,0.40149530790000004
17,0.11939398520000001
18,0.2524291105
19,0.4855815243
20,0.1475877936
22,6.3E-4
24,0.038178790000000004
25,3.273356094
26,9.44592697691
27,0.7251859559999999
28,16.967820153460003
29,14.830861939799998
30,22.8344103451
31,21.61801466295
32,56.99657897621495
33,5.454529013

37 Likes

Only approve if Andre DM’s us his email address so we can send him the gift card for gucci flip flops.

17 Likes

Yes x100. Let’s reimburse Andre at the very least. Any thoughts on rewarding him as the strategy creator? Thanks for the legwork in figuring out the costs, banteg.

5 Likes

YIP it! Will vote for :pray:

2 Likes

Please raise this proposal - it is a no brainer. Let’s refund the main and keep Yearn as safe as possible.

6 Likes

I suggest paying Andre for his effort, expenses and idea than creating proposals for each item… Isn’t the holders/community has responsibility to take care of Andre.

1 Like

We should all be for it. It’s the least we can do.

2 Likes

Make it a YIP. It’s a must.

3 Likes

This must done. Now!

3 Likes

It is impossible not to vote “aye” on this proposal. Considering that Andre works for free, we must at least cover the costs of the gas burned!!!

1 Like

Raise it. :cherries:

Forgive my ignorance, only in YFI for a day. I thought the treasury was specifically set up to cover GAS anyway? So I figured this would be a foregone conclusion?

Sounds like a YES to me.

Please raise the YIP and let’s get voting underway asap. Then we can move onto what the protocol needs next. Supported.

Absolutely! Great idea. The community is benefiting from these smart contracts, it makes sense that it should come as a deduction from our profits.

If we are going to have a YIP for this we should probably add how payments will be concluded in the future also. Are these payments happening once a month, every six months or how? These costs are very easy to verify, so we should probably already stream line the payment method and frequency.

The YIP for this was YIP 36. I think that transparent, justified and tight budget should work better for now than passing every expense through a new YIP. For example, we are trying to get some auditors on board at the moment, such things don’t happen on a forum. So my preference would be rough consensus for budgeting. But overall budgeting needs more thought, so feel free to open a discussion.

2 Likes

Agree with banteg better estimate a budget and allocate funds to it than make a proposal for every expense. This way the funds are also there before they are spent and nobody has to pay for anything out of their own pocket and hope for a later reimbursement.

(But yes, costs incurred by Andre should be covered ASAP)

1 Like

Executed https://etherscan.io/tx/0x2f1a31c2d4177f0426e4e1a3c8a9e3909e511174c924b22ff5f6f6364f198b02

3 Likes

Oh my…

Few understand the power of gucci flip flops.

3 Likes

Amazing.

The Moth queen sees more than she thinks.