# IMC Period 28 Report; Period 29 Budget

**URL:** <https://dao.rocketpool.net/t/imc-period-28-report-period-29-budget/3335>\
**Category:** Governance\
**Tags:** imc\_budget, imc\_report\
**Created:** [16 October 2024 19:01 UTC](https://dao.rocketpool.net/t/imc-period-28-report-period-29-budget/3335 "2024-10-16T19:01:22Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![samus](https://dao.rocketpool.net/user_avatar/dao.rocketpool.net/samus/32/839_2.png) [@samus](https://dao.rocketpool.net/u/samus)\
**Post date:** [16 October 2024 19:01 UTC](https://dao.rocketpool.net/t/imc-period-28-report-period-29-budget/3335/1 "2024-10-16T19:01:22Z")

</div>

Hi all,

Summary below 🙂

## Report 28

 ![image](https://dao.rocketpool.net/uploads/default/original/2X/8/8cb590268c413773600b5ea51f2854d8480d7bd4.png)  
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](https://dao.rocketpool.net/t/imc-period-27-report-period-28-budget/3279))
- ~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

 ![image](https://dao.rocketpool.net/uploads/default/original/2X/b/bc15fe9766292f9a8fd5638d974569f0f08108de.png)

- 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

 ![image](https://dao.rocketpool.net/uploads/default/original/2X/d/dd6a49e95a0d8d2f40468b592d556a3269165581.png)

- Liquidity steadily recovered to previous levels after the large drop from a whale leaving PCS last period. Overall things look good 👍

## Resources

- IMC tracking spreadsheet: [IMC tracking - Google Sheets](https://docs.google.com/spreadsheets/d/1jLGkoiSjNr1UgG1spAH9ppBfrk_FqjJXg9CIw35nLCA/edit?pli=1&gid=1735455376#gid=1735455376)
- IMC RPL tracker: [https://dune.com/queries/3209520/5365584](https://dune.com/queries/3209520/5365584)
- 1% price impact tracker (assumes RP smart contracts not used): [rETH Slippage for IMC](https://xrchz.net/imc/)