Sustaining Spool's DHW operations [SIP - 1.56]

Summary :bookmark_tabs:

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 :fire:

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 :mailbox:

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 :ballot_box:

  • 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.

The vote takes place here

Timeline :clock130:

  • Voting Period: March 18, 2024 → March 25, 2024