USTC / Stable Algo Quant Team - Month 2/2 ATTENTION! This proposal has been re-submitted on behalf of LUNC community. Quant Team is too nice and proud to re-submit it, so somebody has to do it. This time, since the TS is working again, we can expect proper validator voting turnout and live with the final results. Please take this proposal seriously and don’t pull any last-minute tricks. Thank you! This proposal has been re-submitted on behalf of LUNC community. Quant Team is too nice and proud to re-submit it, so somebody has to do it. This time, since TS is working again, we can expect proper validator voting turnout and live with the final results. Please take this proposal seriously and don’t pull any last-minute tricks. Thank you! This is a proposal to fund the Quant Team for the month of August (temporarily delayed due to the work related to the Ozone wallet) under the exact same terms as the month of July's proposal 11597 ( Hidden link in all respects save for the amount of LUNC, which has been changed to reflect LUNC's lower exchange rate vs. USD. Proposal update with progress update: Total for this proposal (August 1-31): 318,217,979 LUNC ($20,000) The project timeline spans two months, divided into the following milestones: Enhancing the existing tool to accommodate the USTC Incremental Repeg Buybacks & Staking Swaps algorithm. Conducting modeling and simulations, capturing the algorithm's behavior and performance. Analyzing simulation results, evaluating performance under various market scenarios, and identifying strengths and weaknesses. Producing a comprehensive report with recommendations for the LUNC community. Additionally, the Team will identify sources of "zombie USTC" to be burned and lead that process free of charge, as it has already done with the Risk Harbor Multisig's assets. Deliverables An enhanced tool capable of accurately simulating the USTC Incremental Repeg Buybacks & Staking Swaps algorithm. Simulation results and analysis report, evaluating the algorithm's performance in different market conditions. Documentation of identified strengths and weaknesses, including risk assessment. Rolling out the necessary infrastructure and tools for any future Repeg proposal or new stable algo testing / evaluation. Vote YES if you support releasing 318,217,979 LUNC (20,000$) payment to the Quant Team for the 2nd month of work. Vote NO if you do not support the release of these funds.
Submitted
25 Aug 2023, 21:42:50 UTC
Vote closed
01 Sept 2023, 23:33:55 UTC
On-chain action accepted
The passed proposal contains a protocol-executable message rather than a text-only mandate.
Current or final voting power, calculated from the on-chain tally.
Quorum
Reached
Objective network measurements at vote close plus 7, 30, and 90 days. Missing history is shown honestly, never backfilled with estimates.
Community pool
Preferred signal: context
7 days
A close-enough baseline and endpoint sample were not both available.
30 days
A close-enough baseline and endpoint sample were not both available.
90 days
A close-enough baseline and endpoint sample were not both available.
/cosmos.gov.v1.MsgExecLegacyContent/cosmos.distribution.v1beta1.CommunityPoolSpendProposal66.15% participating
Approval
Passing
78.27% decisive Yes
Veto
Below threshold
6.86% of participation
What this message can change—not a prediction of price.
318,217,979 LUNC
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