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BalancerBalancerby0x9f74662aD05840Ba35d111930501c617920dD68eveballer.eth

[BIP-556] Fund Maxi Gas Station For DAO Operations

Voting ended about 2 years agoSucceeded

PR with Payload

https://github.com/BalancerMaxis/multisig-ops/pull/830

Summary

The Balancer Maxis are assisting DAO participants in deploying pools and gauges, monitoring and funding various mission-critical components such as transmitting BAL rewards to gauges across deployments. Given the uptick in average gas costs in recent days, we have identified that the currently allocated budget will not be sufficient to continue operations until the end of March. Therefore, the Maxis are asking for 50 ETH to fund operations for the upcoming months.

Motivation

The Maxis are responsible for various operational tasks across the DAO such as pool deployments, gauge creations and funding of our OZ defender infrastructure and distribution of voting incentives. These involve spending ETH to fund these operations. We have built a monitoring dashboard visualizing our gas spending over time: https://dune.com/scoffie/advancedmaxigasstation

As of the writing of this proposal, the gas station is running low on ETH, currently sitting at 1.8 ETH. Additionally, the Maxi Ops wallet 0x166f54F44F271407f24AA1BE415a730035637325 currently holds 2 ETH. Given the gas station is responsible to fund various critical components such as the BAL reward distributors across networks, these funds will likely not last until the end of March. In the past, Maxis requested approximately 20 ETH per quarter to fund these operations. Based on these metrics we ask for an additional 50 ETH that shall be spent over the next 5-6 months depending on network activity. Maxis will make sure to execute most transactions at the lowest possible fee rates. The funds will then be managed by the Maxi operations wallet to periodically fund the gas station when needed.

Specification

The DAO Multisig 0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f will transfer 50 ETH to the Maxis Multisig address as the recipient 0x166f54F44F271407f24AA1BE415a730035637325.

Off-Chain Vote

Yes, let's do it
3.44M veBAL100%
No, this is not the way
0 veBAL0%
Abstain
0 veBAL0%
Quorum:172%
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Discussion

Balancer[BIP-556] Fund Maxi Gas Station For DAO Operations

Timeline

Mar 07, 2024Proposal created
Mar 07, 2024Proposal vote started
Mar 11, 2024Proposal vote ended
Mar 16, 2026Proposal updated