IMC Period 28 Report; Period 29 Budget

Governance
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Hi all,

Summary below :slight_smile:

Report 28

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Important points:

  • We needed to start the process of moving our Ramses position since it was out of range. This period we started by just removing the liquidity (we now have ~3.34 ETH back in our IMC safe on Arbitrum). You can see the updated non-RPL and POL assets/value showing the changes (green text for increased value, red text for decreased value).
  • Val managed the bridging of 300 RPL to Arb Safe for the IMC.
  • IMC continued spending budget cut (by calculating values with artificial 0.005 RPL/ETH ratio)
  • Followed through with our planned budget cuts to Optimism HH, Mainnet Cakepie/Paladin (see previous post for more info here)
  • ~11.4k of RPL inflows, ~11.3k of RPL outflows
  • Budgeting summary:
    • RPL balance change: Period 28 saw a +2.4% change from ~3.4k RPL to ~3.5k RPL
    • Extrapolated months to zero RPL balance: Period 28 shows “-” since we now have a balanced budget (slight surplus), and can continue to spend at this rate indefinitely

Budget 29

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  • Plan to finish moving our Ramses position this month back into range (swap the 3.34 ETH to rETH, add position back to Ramses). You can see the expected non-RPL and POL assets/value showing the changes (green text for increased value, red text for decreased value).
  • Continue spending budget cut (by calculating values with artificial 0.005 RPL/ETH ratio)
  • Inflows/Outflows should be identical to Period 28, leaving us with the same balanced budget (slight surplus)

Data - 1% Price Impact

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  • Liquidity steadily recovered to previous levels after the large drop from a whale leaving PCS last period. Overall things look good :+1:

Resources

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