Summary
Authorize the release of 50k DAI from the Spool DAO treasury to cover the transaction costs associated with the DoHardWork (DHW) operations, deployment of new smart contracts and other on-chain transactions, like Smart Vault incentives and expansion of the protocol.
Motivation
The DHW function is pivotal to the Spool protocol, incurring in gas fees with each execution. The aggregate cost of these fees necessitates a proactive budget to ensure the continuous and smooth operation of the protocol.
Proposal
The DHW is required to be executed in order to enable deposits, withdrawals, APY calculations and auto-compounding.
Given the variable nature of gas costs, we estimate that approximately 50k DAI will be necessary for the upcoming months, with a commitment to executing these transactions during periods of gas efficiency.
Vote Options
- Yes: Agree to allocate 50k DAI from the treasury to ensure Spool’s Developer team can manage DHW operations effectively.
- No: Oppose the allocation, potentially impacting the protocol’s future functionality.
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The vote takes place here
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Timeline
- Voting Period: March 18, 2024 → March 25, 2024