IMC Period 44/45/46 Reports; Period 45/46/47 Budgets

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Hi all,

Catching up on reports/budgets:

Report 44

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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 44 saw a +0.4% change from ~16.49k RPL to ~16.55k RPL.
    • Balancer provided the retroactive fee sharing payout this period
    • The IMC completed it’s 3 month campaign with RockSolid and decided to continue incentivizing at the same rate indefinitely due to the benefits of this strategic partnership
    • Hidden Hand was wound down, so we switched to Paladin for L2’s in second fortnight

Report 45

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  • IMC continued spending budget cut (by calculating values with artificial 0.005 RPL/ETH ratio)
  • ~11.4k of inflows, ~11k of outflows
  • Budgeting summary:
    • RPL balance change: Period 45 saw a +2.46% change from ~16.55k RPL to ~16.96k RPL. This was due to accidentally forgetting to complete the transfers in the second fortnight (to POL positions and to RockSolid). This was made up in the first fortnight of Period 46
    • Paladin was now also winding down so we did a trial run with Votemarket on our L2’s in the second fortnight

Report 46

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  • IMC continued spending budget cut (by calculating values with artificial 0.005 RPL/ETH ratio)
  • ~11.4k of inflows, ~11.7k of outflows
  • Budgeting summary:
    • RPL balance change: Period 45 saw a -1.78% change from ~16.96k RPL to ~16.66k RPL. This was due to making up for the missed transfers in the second fortnight of Period 45
    • Switched over to Votemarket as instead of Paladin on mainnet as well after successful trial on L2’s last Period

Budget 45

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Budget 46

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Budget 47

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  • 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]

Data - 1 % Price Impact

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  • Liquidity has shown some recovery (not to the same amount as before Balancer hack) but still significant.

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  • Checking Balancer TVL directly shows it climbing (seems to have dipped mostly coinciding with ETH price as this is dollar denominated and ETH dropped from ~$3k down to ~$2k around the same time

Resources

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