Summary 📑

Release 50k DAI from Spool DAO treasury for upcoming DoHardWork (DHW) transaction costs.

Proposal 📬

The DHW executions of the Spool smart contracts (basically the rebalancing, auto-compounting, deposit & withdrawal, ...) are not internalized yet but have to be made manually.

So, for now, the DAO will need to front the ETH amount needed until this is implemented in the code to work automatically. Therefore, the Spool Dev team needs more ETH for the DHW executions.

As gwei costs are fluctuating It can only be estimated from the past that around 50k DAI are needed for the upcoming months. It is made sure that gas-efficient timing is used.

Motivation 🔥

The DHW function is one of the crucial elements of the Spool protocol as a whole and requires a considerable amount of gas to be executed each time. Due to the repeated need for execution, the amount of gas fees naturally adds up over time, which is why this budget request is needed to keep the protocol working.

Vote 🗳

With “Yes” you vote to release 50k DAI from the treasury for the Devs to fulfill these duties, with “No” you vote against running DHW and the Spool Smart Vault functions in the future.