IMC Period 47 Report; Period 48 Budget;

Governance
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Hi all,

Period 47 Report, and 48 Budget below:

Report 47

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  • IMC continued spending budget cut (by calculating values with artificial 0.005 RPL/ETH ratio)
  • ~11.4k of inflows, ~11.3k of outflows
  • Budgeting summary:
    • RPL balance change: Period 47 saw a +0.31% change from ~16.65k RPL to ~16.71k RPL.
    • Continued using Votemarket

Budget 48

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  • The IMC is continuing it’s plan to roughly spend the entire inflows each period
  • A significant balancer governance vote passed which impacts the IMC (see here: Snapshot)
    • Balancer Alliance program discontinued (no more fee share)
    • BAL token emissions halted, so we will no longer use Paladin/Votemarket for Aura market campaigns. Instead we are going to switch over to Merkl, Balancer app is integrated with Merkl so rewards will show up there natively

Data - 1 % Price Impact

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  • Liquidity relatively steady since recovering after Balancer hack
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  • Showing mainnet Balancer TVL directly, things are relatively steady this last period

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