Lido Proposal: #0x44bc7db53129ab4048c7f6f5cdc03407ec73444cbb5976c9579cb19bd3b57f7e
Change Easy Track limits for PML & ATC
Support the change: 100%
63,503,970 LDO
No action: 0%
86 LDO
Voting Period
-Proposer
0xDbBC6A93ae517D3ea568C04219cbBBd025f01CB6
Discussion
Go to DiscussionDescription
Tl;Dr
This proposal suggests updating the Easy Track limits for two multi-signature addresses in LCG (Lido Contributors Group) to reflect changes in PML’s and ATC’s funding needs and token redistribution. The proposal includes reducing the PML limit from 6M to 4M USDC/USDT/DAI per quarter, while increasing the ATC limit from 1.5M to 7M USDC/USDT/DAI per quarter. These changes aim to align on-chain security constraints with operational needs.
Limits Change
To support the goals set by the Continuity Grant Funding initiative ([EGG] st2024 v2: Continuity Grant Funding to Achieve GOOSE Goals) and future initiatives, and due to the redistribution of token flows, it is proposed to change the Easy Track limits as follows:
- PML (Pool Maintenance Labs Ltd.): Decrease from 6M to 4M USDC/USDT/DAI per quarter
- AllowedRecipientsRegistry:
0xDFfCD3BF14796a62a804c1B16F877Cf7120379dB
- AllowedRecipientsRegistry:
- ATC (Argo Technology Consulting Ltd): Increase from 1.5M to 7M USDC/USDT/DAI per quarter
- AllowedRecipientsRegistry:
0xe07305F43B11F230EaA951002F6a55a16419B707
- AllowedRecipientsRegistry:
Motivation
These limits were initially proposed during the deployment of factories with limits in November 2022 (link). Since then, necessary expenditures have grown and shifted between entities.
It is important to note that Easy Track limits are primarily on-chain constraints, while actual funding via grants is approved by the DAO through separate Snapshot votes (e.g. [EGG] st2024 v2: Continuity Grant Funding to Achieve GOOSE Goals, [EGG] st2024 v1 Lido Contributors Group request for grant funding to advance GOOSE goals)
Next steps
If this proposal is supported by the DAO, these actions will be included in one of the upcoming on-chain votes.