IMC 42 Report; Period 43 Budget;

Governance
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1

Hi all,

(A little late) summary below:

Report 42

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  • IMC continued spending budget cut (by calculating values with artificial 0.005 RPL/ETH ratio)
  • ~11.4k of inflows, ~11.35k of outflows
  • Budgeting summary:
    • RPL balance change: Period 42 saw a +0.32% change from ~16.38k RPL to ~16.43k RPL.
    • Balancer continues to send USDC as part of the Balancer Alliance fee share. This is used to grow the v3 position for “LP 80/20 BAL/ETH”
    • The IMC is contributing to an incentives campaign for RockSolid (200 RPL per fortnight), which began on the second fortnight of Period 41, and will continue at 200 RPL per fortnight for 3 months (1200 RPL total)

Budget 43

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  • The IMC is continuing it’s plan to roughly spend the entire inflows each period (further explanation in budget 41 here: IMC Period 40 Report; Period 41 Budget ), with an expected surplus RPL balance of 0.32% this period

Data - 1% Price Impact

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  • Liquidity tanked since the balancer hack, IMC still discussing next steps

Resources

2

Thanks for the details.

Regarding incentives for the RockSolid vault — could we consider boosting incentives on the Balancer rETH/ETH pool on mainnet? This would both help restore liquidity and deepen the pool, while also increasing the RockSolid vault’s overall yield.

RockSolid could allocate a portion of LP shares to amplify the return. Right now, most of the vault’s yield comes from airdrop farming, which is quite uncertain, so strengthening the base liquidity incentives could make the vault’s performance more stable.

3

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We’re getting some traction, but it’s taking a while (we were at ~$34M before the balancer hack). You can see the APRs are very attractive on the new pool (on Aura they look like 11.77% current and 14.77% projected). I’ll poke a RockSolid rep about the opportunity.

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