New Easy Track motion setups with limits: RCC, PML, ATC; Gas funder; LEGO; reWARDS with limits

[kadmil]

To support the process of continued decentralization towards a permissionless, contributor-driven DAO, Lido DAO has to carry on significant amount of operations. In order to separate operational concerns from strategic decisions, Lido DAO leverages EasyTrack Motions. With the current addition of payment Motions with limits (LIP-19), most of ops can be performed in a safer manner, limiting the total amount of funds the given committee can request through the EasyTrack in specific timeframe. While keeping the payments flow under pre-approved budget is committee’s responsibility, on-chain limits provide another safety measure.
Current operational structure for EasyTrack is:

We propose to set up bunch of new EasyTrack Motion factories & setups:

1. reWARDS with limit of 6m LDO / month
2. LEGO with limit of 1m LDO / quarter
3. LEGO with limit of 1m DAI / quarter
4. RCC DAI single-recipient payment processor with limit of 3m DAI/quarter
5. PML DAI single-recipient payment processor with limit of 6m DAI / quarter
6. ATC DAI single-recipient payment processor with limit of 1.5m DAI / quarter
7. Gas funding ETH single-recipient payment processor with limit of 400 ETH / quarter

LEGO motions factory are to be switched off the EasyTrack immediately, and reWARDS ones are to be switched off the EasyTrack one vote after so not to disrupt the operations. Referral program would be changing the terms soon, and to be set up properly once those are settled. Node Operators staking limits factory doesn’t require any changes under the current proposal.

This proposal, if passed and executed, would bring the EasyTrack structure to:

Please, share your feedback, and stay tuned for the snapshot!

[kadmil]

Note that the gas funder multisig would be getting significant higher rights (it’s own EasyTrack motion factory, yay!), so some brush-up would be required. We’ll be looking to take it to 3/5 setup, with the list of signers published by the process in the coming days (before the snapshot 100%)

[kadmil]

The contracts have been deployed & set up — look into “proposed” ones in this list Deployed Contracts | Lido Docs

The audit is up as well: GitHub - lidofinance/audits

The onchain vote for switching those on is up to start tmrw

[kadmil]

The Aragon vote is started: Lido DAO Voting UI
Note that due to technical reasons switching on the gas funder payment processor is left for the future

[kadmil]

The vote passed and has been executed: Ethereum Transaction Hash (Txhash) Details | Etherscan

[zuzu_eeka]

@kadmil

reWARDS ones are to be switched off the EasyTrack one vote after so not to disrupt the operations

As announced in the original post, we are going to switch off the old unlimited reWARDS factory set. The following contracts will be removed:

• TopUpRewardPrograms: 0x77781A93C4824d2299a38AC8bBB11eb3cd6Bc3B7
• AddRewardProgram: 0x9D15032b91d01d5c1D940eb919461426AB0dD4e3
• RemoveRewardProgram: 0xc21e5e72Ffc223f02fC410aAedE3084a63963932

[zuzu_eeka]

Aragon vote intended to switching off EVM Script factories (AddRewardProgram, RemoveRewardProgram, TopUpRewardPrograms) is in flight and waiting for your votes.
The main phase ends on Feb 2, ~2PM UTC
Please, cast your votes!
https://vote.lido.fi/vote/151

[zuzu_eeka]

The Aragon passed and got the quorum!
Enactment tx: Ethereum Transaction Hash (Txhash) Details | Etherscan

[zuzu_eeka]

As it was mentioned in the [LIDO-v2] May 1, 2023 - December 31, 2023 | Lido Ongoing Grant Request proposal, reWARDS will be switched to stETH.

@steakhouse

reWARDS Program Cap and Switch to stETH

Up to 4m DAI will be authorized for distribution through the reWARDS multisig or other marketing incentives as stETH or wstETH from the period ranging June 2023 to December 2023. The effective amount of stETH will be calculated on the basis of a dollar value, once a month, based on the prevailing market price. If a discount on the market rate to ETH is present, DAI from Aragon treasury will be used to acquire stETH first.

Each following distribution will be authorized either as an Aragon on-chain vote or through the Easy Track Motions process once available.

For this purpose, a setup of contracts will be deployed for further connection to Easy Tack.
Parameters for new contracts are posted here: Easy Track setup for reWARDS in stETH

@zuzu_eeka

token = 0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84, # stETH

budget amount = 2_100 * 10 ** 18, # 2100

budget period duration (month) = 3, # 3 month

multisig = 0x87D93d9B2C672bf9c9642d853a8682546a5012B5, # reWARDS multisig

recipient(s) titles = [”reWARDS multisig”], # reWARDS multisig
recipient(s) addresses = [0x87D93d9B2C672bf9c9642d853a8682546a5012B5], # reWARDS multisig.

Feel free to comment.

[Olga_K]

In order to achieve the goals set by the Continuity Grunt Funding initiative ([EGG] st2024 v2: Continuity Grant Funding to Achieve GOOSE Goals), and due to the redistribution of cash flows, contributors of DAO Operations Workstream propose to update Easy Track limits:

PML: to decrease from 6m per quarter to 4m USDC/USDT/DAI per quarter
ATC: to increase from 1,5m per quarter to 7m USDC/USDT/DAI per quarter

Updated amounts are based on results of actual cash flow analysis.
If there are no objections, these actions will be included in the upcoming onchain vote.

[steakhouse]

Supportive of this motion, considering the ongoing underspend that we are highlighting in the EGG st2024 v2 request thread. We will publish an forecasted grant disbursement for the full budget period as soon as we collect data from all grantees

[Jenya_K]

Snapshot vote started

The Change Easy Track limits for PML & ATC Snapshot started, active till Thu, 10 Oct 2024 16:00:00 GMT. Please don’t forget to cast your vote!

[governance-data-bot]

Snapshot vote ended

Thank you all who participated in Change Easy Track limits for PML & ATC Snapshot, we reached a quorum!
The results are:
Support the change: 63.5M LDO
No action: 86 LDO