The second part of the planned on-chain proposal would include the actions reported above, but here we’d like to introduce a minor change that could reduce rebalance costs up to 20-30%, according to simulations.
This improvement requires minimum code changes and only to the rebalance method, but the saved fees would be consistent (out of 60 ETH spent in 4 months by the rebalancer, the protocol can save up to 30-40 ETH annually).
Changes are presented here (the new implementation will be deployed tomorrow): Github link
Furthermore, this proposal includes 2 actions related to Leagues’ budget transfer, with the updated value reported by Emiliano:
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6.38 ETH from FeeTreasury to Dev League address (0xe8eA8bAE250028a8709A3841E0Ae1a44820d677b)
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11,008 IDLE from Ecosystem Fund to Treasury League (0xFb3bD022D5DAcF95eE28a6B07825D4Ff9C5b3814)
The updated list of actions for the next on-chain proposal would be the following:
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support for stkAAVE distribution in WETH ( 1 action )
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upgrade all Best-Yield strategies with the gas-saving improvement and upgrade SUSD, TUSD Best-Yield strategies with the new implementation ( 7 actions )
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6.38 ETH transferred from FeeTreasury to Dev League address ( 1 action )
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11,008 IDLE from Ecosystem Fund to Treasury League ( 1 action )
The second part of IIP-7 will be open for comments for 24/48hrs, and if no observations are reported, we will proceed with the on-chain proposal and the voting phase.