IMC 43 Report; Period 44 Budget

Governance
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1

Hi all,

(Late) summary below:

Report 43

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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 ~16.43k RPL to ~16.49k RPL.
    • Balancer did not provide fee sharing this period due to the wind-down and migration from v2 to v3, but grandfathered it in and will retroactively pay it out: (see balancer vote: here)
    • 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 44

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  • (note this was the budget used for 44 even though at the time of post all of the transactions from period 44 have already happened)
  • 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 1.53% this period (due to the RockSolid payments planning to be completed in the first fortnight)

Data - 1 % Price Impact

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  • Liquidity still doesn’t seem to have recovered when looking at the slippage tool, but the IMC is following up since the tool doesn’t seem to align with manually checking via cowswap/1inch
  • TVL has been steadily climbing on the Balancer pool, and saw a large uptick thanks in part to a large deposit from RockSolid, and liquidity recovery incentives from Balancer see context here
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