Executed

UIP-012 Update Arbitrum Dripping Schedule


Proposal ID

692259...7528

Proposed

Jan 22nd, 2024

Result details
Final Votes

Quorum

58.04M of 0

Majority support

Yes

For

58.04M

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0x6DBD...B4B9

editSchedule(..)

Custom

Account

0x6DBD...B4B9

Method

editSchedule(..)

Proposal

UIP-012 Update Arbitrum Dripping Schedule

# Abstract

Update Arbitrum dripping schedule to send another 1,296,000 UNION tokens to Arbitrum.

# Motivation

This proposal aims to resolve the issue identified in UIP-008, which was intended to update the Union dripping schedule for Arbitrum. The problem with UIP-008 was that it proposed dripping a total of 1,296,000 UNION to Arbitrum. However, while updating Arbitrum's existing dripping schedule, UIP-008 mistakenly set the total dripping amount to 1,296,000 without accounting for the amount previously dripped. This error caused the Arbitrum dripping to stop, as the previous dripped amount was already greater than the newly proposed amount. To rectify this, we propose changing the total dripping amount to the sum of the previously dripped amount (2,400,000) and the newly proposed amount (1,296,000), bringing the total to 3,696,000.

# Specification

- Invoke the Treasury.editSchedule() function to modify the dripping schedule for Arbitrum. Set dripStart to the block number at which UIP-008 was executed. The dripRate should be set to 1 UNION per block. Specify the target as the ArbConnector (address: 0x307ED81138cA91637E432DbaBaC6E3A42699032a). Set the total dripping amount to be 3,696,000 UNION.

# Test Cases

Tests and simulations can be found here: PR

# Implementation

Call Treasury.editSchedule() to update the dripping schedule for the Arbitrum.
Final Votes

Quorum

58.04M of 0

Majority support

Yes

For

58.04M

Against

0

Abstain

0

Final Votes
Status

Mon Jan 22, 06:05 am

Published onchain

Sun Jan 28, 10:29 am

Voting period started

Wed Jan 31, 10:29 am

Voting period ended

Sat Jan 27, 07:39 am

Proposal queued

Tue Jan 30, 03:03 am

Proposal executed