V3 Budget Request

[Schlagonia]

Scope

For reference the last V3 BR: #200

Funding for the continued development, testing and deployment of the Yearn V3 system.

For a more detailed description of the vision and end goal of V3, please review the V3 YIP.

Since the last budget request we continued to expand V3 deployments to new chains, new partners and deployed the first version of STB.

This budget request is focused on the continued support for all V3 users both within Yearn and external. As well as a primary focus on external partnerships that show an out sized potential impact.

Components:

1. Maintain and update Vault and Strategy core contracts as needed.
2. Maintain and add to periphery contracts and strategy mixes as needed.
3. Support new 3rd parties as they begin to integrate with the V3 system.
4. Support all Yearn teams that start building on and with the V3 stack.
5. Continue support for new chains (ARB, OP, Scroll etc.)
6. Implement governance systems into the V3 stack.
7. Build automation systems for the full V3 lifecycle.

Status based on previous budget request goals.

• $100m TVL
  • $50m
• Launch Polygon Stake the Bridge project
  • Completed
• New chain V3 Deployment Kit for easy V3 core and periphery deployment on new chains
  • Not Completed
• Updated and improved Docs
• Developed Debt Optimizer

Plan

• Begin STB integrations and custom builds for SINK
• Development of auto-compounding strategies
• Development async Deposits and Redeems.
• Continue to improve debt optimizers
• Build an easy to use deployment kit for all core and periphery contracts on new chain.
• Work with more external partners on unique and novel use cases for V3.
• Develop novel periphery contracts and expand on existing versions, With a focus on automation.
• Continue to support the needs of those building on V3 with new or updated Periphery contracts.

Goals

• Multiple STB chains integrated.
• Auto compounding strategy development completed.
• Async deposit/redeem development completed.

Deadline

2024-10-31

People

Core V3 protocol Team

Money

General

The V3 team will be returning the $25K DAI from the previous requests designated for testing.

Pay

Pay is requested to be in yvUSDC-1

Monthly: $35k
Total: $105k

Amount (Total)

$105k

Wallet address

0x333

Reporting

Once