The Ethereum Operations Team needs to increase its budget due to cost of mainnet transactions.
This PTIP will add a new stream to the current Ethereum Operations Team Sablier stream for 210k ScUSDC.
Over the last eight days 2 ETH has been consumed by the Defender relayer. The relayer is:
- Rewarding the prize pools
- Running Pod batching
- Claiming COMP for Compound Pools
The gas cost is about 1.75 ETH / week. At current Ethereum prices that’s about $5300 USD / week.
This number does not include LINK costs.
$5300 x 52 = $275600, so we’re going to ballpark the budget at $300,000.
This PTIP will:
- cancel the old Sablier stream (stream id 100260)
- create a new Sablier stream for 300k ScUSDC over one year
Given we want to bundle this with PTIP-37, we’re going to add another stream with the difference.
|approve sablier spend||
- No, and I’ll explain why