[GRANT] “RFP-9” – Port mStable Idle Perp Yield Tranche to Polygon ($3,000 in IDLE)
As per our Discord conversation.
Done RFP-9 Port MStable Strategy to Polygon
Merged into Master (Port MStable Strategy to Polygon by idlehusbandry · Pull Request #31 · Idle-Labs/idle-tranches · GitHub)
My ETH address is “idl.eth” or “0x5bCfC2dee33fBD19771d4063C15cFB6dD555bb4C”
bls feed me sers.
Great! Thanks for your work, can confirm we can go on with the full payment 
Excellent job man! 
Hi Thank you for the transfer Biaf,
I wanted to check on the amount that was sent over. It appears I only got about 2.5K USD worth of IDLE. (even when going back a week or so on the pricing).
Am curious to learn how it was calculated that I should obtain 1,904 IDLE (worth 2.5K USD), despite the grant paying 3k USD.
Cheers,
The issue I think is that the payment is done using a 20-day avg price, which of course it’s not ideal and should be changed imo
I agree with this, it should be done when the completion post + confirmation of task completion is done. So its a full exact payment with quantity of units on a live price for full accuracy.
May discourage anyone participating in grants if they dont get what it owed, which is obviously what we dont want. We want to encourage all.
The grant rewards have been computed using this framework released on Jun '21, which is using a 20-day moving average price. I hope that all grants contributors have had a look at it.
It’s a methodology used in the space (see also IndexCoop) to pay grants and ensure consistency for all contributors (getting the rewards today or in eg 5 days, using the spot price, might make a great difference).
Using the spot price might give a sense of exactness now, but it won’t ever be accurate later as we’re in a volatile environment. The goal of using a rolling average is to dampen volatility. If you think in the opposite scenario, with avg price < spot price, it would have discouraged anything? We need to consider all the possible cases. How would you improve it?
ahh, I understand now. 20-day moving avg - that’s fair.
Wasn’t trying to complain guys, was just wondering what the measure was.
Thanks for the clarification!
Best
