[Gauntlet] Rewards Contract Top-Up for Ethereum, Arbitrum and Optimism (10/4/24)

Simple Summary

Gauntlet recommends adding additional COMP to the reward contracts of Ethereum, Optimism and Arbitrum:

Chain Reward Amount
Ethereum 28,400
Optimism 2,400
Arbitrum 11,700

Analysis

Below is the projected runway in each chain’s rewards contract.

Chain Rewards contract COMP token holdings Current Daily COMP token reward distributions Remaining days of runway (not including existing claimable rewards)
Polygon 4,684 23.0 203
Optimism 1,542 27.0 57
Ethereum 16,426 316.0 52
Base 2,554 26.0 98.2
Arbitrum 8,682 130.0 66

Optimism, Arbitrum, and Ethereum currently have a runway with less than 80 days. Gauntlet recommends topping up an additional 3 months’ worth of runway.

Next Steps

Target on-chain vote - 10/8/24

2 Likes

The on-chain proposal has been canceled due to an address misconfiguration as identified by OpenZeppelin. Gauntlet will publish an updated on-chain proposal.

2 Likes