BIP-54: Infrastructure Funding Extension and Cap Adjustment for October 2023 - March 2024

Intro

Building upon the previous arrangements outlined in BIP-23, BIP-36 and BIP-41, the treasury has been responsible for covering the infrastructure costs associated with the operation of beets.fi. The prevailing conditions are as follows:

• Infrastructure cost claims have been capped at $7.5k per month as of the last BIP.
• Contributors are encouraged to continue finding avenues for cost reduction.

This proposal aims to extend the funding of infrastructure costs by the DAO Treasury for another six months until the end of March 2024, with a further adjusted monthly cap set at $2500.

Motivation

Due to the joint development of the backend infrastructure together with Balancer and the integration of the Balancer chains into the backend infrastructure, it was decided that the infrastructure will be hosted in Balancer's AWS account. Therefore, this cost is no longer carried by Beethoven X DAO.

Below you can see that the migration of the infrastructure in June and July resulted in a significant drop in expenses.

Currently the market is still slow and not many requests are being served. Once the market picks up and more requests need to be served, the cost will increase again. This is why we still ask for a cap of $2.5k which will cover higher load on our infrastructure.

Since the infrastructure is now running under Balancer’s AWS account, it is likely that Beethoven X DAO will be asked to pay a share of the cost, proportional to our usage. We believe that this will be less that what we paid monthly over the last 6 months, since infrastructure consolidation helps reduce cost overall.

Risks

Potential risks of cost inflation due to unpredictable factors like surges in user traffic continue to exist. In case of such overspends, separate proposals will be presented for community approval.

Impacts and Specification

Treasury: Will shoulder the new monthly infrastructure cost cap of $2500.

Impact on Previous BIPs: This BIP serves as an extension and modification of the most recent BIP that concluded in September 2023.

Team: No impact.

Other Contractors or Consultants: None.

Tokenomics: None.

Other Committees Recognized by the DAO: None.

Execution Plan

The DAO treasury will cover the infrastructure costs up to a maximum of $2500 per month for the next seven months, starting in October 2023 and ending in March 2024. This represents a potential maximum expenditure of $15,000 for this period.