yLockers Budget Request 3

[wavey0x]

Scope

yLockers team will own and manage ...

• yLocker products (e.g. yCRV, yBAL, yPRISMA, etc)
• Treasury veToken positions
• veBOOST
• yBribe

Plan

The following deliverables will be met as part of this plan.

• Continue yLocker product operations:
  • Incremental improvements in automation, including bi-weekly Curve voting calcs
  • Continue developing and enhancing B2B relationships, increasing demand for yLocker products
  • Vote in protocol governance (primarily Curve DAO/gauge approval) in accordance with yearn's strategic interests + guidance from protocol risk teams.
  • Execute weekly gauge votes and distribute or compound rewards (where appropriate) from treasury veToken positions. Effective today, we have spun up a sub team for making gauge vote decisions. More details about team can be found here...
• veBOOST migration process
  • Support Curve devs' implementation of long-term fixes for:
    • Yearn's stuck Convex veBOOST delegation (currently patched, not a final solution)
    • Yearn's inability to use mainnet voter boost outside of Ethereum
  • This BR specifically pertains to finalization and implementation of these contracts; these contracts have been in active development and a first draft will be completed prior to the start of this budget period.
• vl-yCRV audit complete and UI launch
  • Complete the audit with ChainSec (previously incomplete)
  • Provide UX feedback to web team for FE development
• Prepare yPRISMA
  • Voter contract written and deployed
  • Create launch plans, including airdrop distribution, docs, comms.
  • Design and develop any periphery contracts required for upcoming PRISMA governance and token distribution
  • Coordinate with Primsa devs for code reviews
• Publish Docs:
  • vl-yCRV:
    • Complete docs for VL users
  • veCRV ownership:
    • Create, review, and publish a process + docs outlining Yearn treasury's veCRV position and how Yearn discretionary gauge votes are paid for.

Deadline

from 2023-11-01 to 2024-2-01

People

yLockers Core team

Money

• This budget request covers the 3 months of November 2023, December 2023, and January 2024.
• The amounts below are the per month compensation request.
• The ask does not include compensation for non-core contributors (when needed, a separate BR will be submitted ad-hoc)

Monthly Expense	DAI
Contributors	30,000/mo
Archive node service	400/mo
AWS	80/mo

Grand Total Amount

91,440 DAI

Revenue Sharing

Note: This is modified since past budget requests per this write up.
Revenue sharing is based on the sum performance fees from lp/st vault harvests, and does not include bribes collected from Yearn’s treasury veCRV position.

yCRV: 1x 🔵 (~$1k/mo)
yBAL: 5x 🔵
yLQTY: 5x 🔵

Wallet address

0xAAAA00079535300dDba84A89eb92434250f83ea7

Reporting

Monthly