The following deliverables will be met as part of this plan.
Continue yLocker product operations:
Incremental improvements in automation, including bi-weekly Curve voting calcs
Continue developing and enhancing B2B relationships, increasing demand for yLocker products
Vote in protocol governance (primarily Curve DAO/gauge approval) in accordance with yearn's strategic interests + guidance from protocol risk teams.
Execute weekly gauge votes and distribute or compound rewards (where appropriate) from treasury veToken positions. Effective today, we have spun up a sub team for making gauge vote decisions. More details about team can be found here...
veBOOST migration process
Support Curve devs' implementation of long-term fixes for:
Yearn's stuck Convex veBOOST delegation (currently patched, not a final solution)
Yearn's inability to use mainnet voter boost outside of Ethereum
This BR specifically pertains to finalization and implementation of these contracts; these contracts have been in active development and a first draft will be completed prior to the start of this budget period.
vl-yCRV audit complete and UI launch
Complete the audit with ChainSec (previously incomplete)
Provide UX feedback to web team for FE development
Prepare yPRISMA
Voter contract written and deployed
Create launch plans, including airdrop distribution, docs, comms.
Design and develop any periphery contracts required for upcoming PRISMA governance and token distribution
Coordinate with Primsa devs for code reviews
Publish Docs:
vl-yCRV:
Complete docs for VL users
veCRV ownership:
Create, review, and publish a process + docs outlining Yearn treasury's veCRV position and how Yearn discretionary gauge votes are paid for.
Deadline
from 2023-11-01 to 2024-2-01
People
yLockers Core team
Money
This budget request covers the 3 months of November 2023, December 2023, and January 2024.
The amounts below are the per month compensation request.
The ask does not include compensation for non-core contributors (when needed, a separate BR will be submitted ad-hoc)
Monthly Expense
DAI
Contributors
30,000/mo
Archive node service
400/mo
AWS
80/mo
Grand Total Amount
91,440 DAI
Revenue Sharing
Note: This is modified since past budget requests per this write up.
Revenue sharing is based on the sum performance fees from lp/st vault harvests, and does not include bribes collected from Yearn’s treasury veCRV position.
Scope
yLockers team will own and manage ...
Plan
The following deliverables will be met as part of this plan.
Deadline
from 2023-11-01 to 2024-2-01
People
yLockers Core team
Money
Grand Total Amount
91,440 DAI
Revenue Sharing
Note: This is modified since past budget requests per this write up. Revenue sharing is based on the sum performance fees from lp/st vault harvests, and does not include bribes collected from Yearn’s treasury veCRV position.
yCRV: 1x 🔵 (~$1k/mo) yBAL: 5x 🔵 yLQTY: 5x 🔵
Wallet address
0xAAAA00079535300dDba84A89eb92434250f83ea7
Reporting
Monthly