IMC Period 33 Report; Period 34 Budget

Hi all,

Summary below:

Report 33

  • Optimism campaigned ended this period. Maintained a lower Optimism (rETH/WETH Hidden Hand Aura Market) spend of 50 RPL instead of 200 RPL on first fortnight, but bumped back up to 200 RPL on the second fortnight
  • IMC continued spending budget cut (by calculating values with artificial 0.005 RPL/ETH ratio)
  • ~11.2k of inflows, ~10.9k of outflows
  • Budgeting summary:
    • RPL balance change: Period 33 saw a +12.2% change from ~2.9k RPL to ~3.3k RPL
    • Extrapolated months to zero RPL balance: Period 33 shows “-” since we have a balanced budget (slight surplus), and can continue to spend at this rate indefinitely

Budget 34

  • Should match period 33 spends, except Optimism campaign is over

Data - 1% Price Impact


  • Liquidity looks stable on mainnet
  • Still have an uptick in liquidity on Optimism

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