Skip to content

Should the DAO Increase Polygon GWEI Threshold?

PassedDraft

Proposal Details

Author0x5646…a7be
PublishedMay 11, 2023 15:49
Voting beginsMay 11, 2023 15:49
Voting endsMay 18, 2023 15:49
Snapshot#048b9ea

Description

Having a marketplace and platform that provides free gas to its users is a huge selling point when onboarding new users and builders. When an entire quarter goes by where GWEI is consistently above 150, that selling point becomes obsolete.

7 Comments

daoMay 18, 2023

Should the DAO Increase Polygon GWEI Threshold? This proposal is now in status: PASSED. Voting Results: * Yes 98% 5,286,606 VP (77 votes) * No 1% 1 VP (1 votes) * Abstain 1% 19 VP (1 votes)

MetaTrekkersMay 16, 2023

Great @HPrivakos! So since its possible and you like the idea can we count on your support for this proposal?

NikkiFuegoMay 12, 2023

Okay great! So do I just need to include that in the final governance piece for it to take effect? Would this be an automated process or a manual process? Just want to make sure I cover what I need to to make it happen.

HPrivakosMay 12, 2023

We can totally do that, the DAO is getting the wearables submissions fees on Polygon, and we are not using those for anything as every payments are done on Ethereum, so we have 1M USD laying around on Polygon

InJesterrMay 12, 2023

Good point here! I can see this becoming a problem for new users it would give the impression that the DCL is underdeveloped.

NikkiFuegoMay 11, 2023

Hey @Sango , not a bad idea at all. I think 10% is actually pretty reasonable. That would be $15 in MATIC per submission. Which if GWEI is around 300 it's likely anywhere from $0.10 to $0.15 in MATIC. So in theory each submission would cover 75-100 transactions. That's pretty sustainable for only 10% and if that 10% is already going to the DAO it makes sense to automate it this way. I wonder if @HPrivakos can weigh in on the possibility to automate/streamline this.

SangoMay 11, 2023

ive been thinking about this too, as sometimes we will need to wait for gwei to approve wearables for this very reason. Maybe if 10% of the wearable submission cost was transfered to MATIC and sent to the DCL wallet that handles these costs it will help keep the tank full with the increase in spending?