Sustaining Spool's DHW operations

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.

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.

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.

Vote Options :ballot_box:

By voting “Yes” you agree to allocate 50k DAI from the treasury to ensure the Spool Dev team can manage DHW operations effectively, with “No” you oppose the allocation, potentially impacting the protocol’s future functionality.

Discussion :handshake:

Community members are encouraged to share their thoughts and feedback on this proposal in Spool’s governance forum. All perspectives are valuable and will be considered before moving forward.

Timeline :clock130:

  • Proposal Submission Period: March 11, 2024 → March 18, 2024
  • Voting Period: March 18, 2024 → March 25, 2024


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