IMC Period 35 Report; Period 36 Budget

Governance
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Hi all,

Summary below:

Report 35

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  • IMC continued spending budget cut (by calculating values with artificial 0.005 RPL/ETH ratio)
  • ~11k of inflows, ~11k of outflows
    • Inflow is slightly lower than budget due to the implementation of RPIP-68, which increased oDAO share of inflation and reduced pDAO (including IMC) share of inflation
  • Budgeting summary:
    • RPL balance change: Period 34 saw a -0.65% change from ~3.54k RPL to ~3.52k RPL
    • Extrapolated months to zero RPL balance: Period 34 shows “-” since we have a relatively balanced budget (slight deficit), and can continue to spend at this rate for now

Budget 36

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  • PCS is changing its tokenomics and shut down the guages, see here for more context: Implementation of CAKE Tokenomics 3.0: What You Need to Know | PancakeSwap
  • IMC is still evaluating how to move forward, but is skipping the first fortnight spend that used to go toward PCS - which will provide a surplus for this period (+30.6% change in balance from 3.5k RPL to 4.6k RPL). There is currently a placeholder highlighted in yellow, but this is expected to be spent elsewhere by the second fortnight.

Data - 1% Price Impact

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  • Drop in liquidity toward the end of April, but still within a similar range as the previous year

Resources

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