yLockers Budget Request 7

[dudesahn]

Scope

The yLockers team will oversee...

• yLocker products (yCRV, yPRISMA) including YBS and auto-compounders
• yTreasury veToken positions and veBOOST
• yLocker data tools (crv.lol, prisma.lol, ybs.wavey.info)
• yFactory (V2 Curve, Velodrome, Aerodrome, and Balancer vaults/factories)
• veFarming strategies
• TBA Future Project (new)

For more technical details, see here.

Plan

The quarter ahead will require a combination of the following tasks...

1. Maintaining existing yLocker products
2. Growing and maximizing our new veFarming strategies
3. Planning and building the TBA future project

The yLockers team are committed to increasing their overall profitability by: growing their current products, expanding their product range, and adding new revenue streams.

Deliverables

The following deliverables will be met as part of this plan. All actions taken will be in yLockers' sole discretion.

• Continue yLocker and yFactory product operations/development
  • Ongoing weekly tasks
  • Optimization of vote incentives
  • Product marketing
  • Secure yCRV as collateral with more partner protocols
• Continue building and improving yLocker data tools
  • Ensuring transparency and accuracy across all of our products
• Evaluate potential new yLockers
  • Multiple protocols are still being evaluated using the framework set out in a previous budget request
• Increase TVL in yFactory vaults
  • Particularly focus on Aerodrome TVL
  • Use short-term incentives (rewards/offers) to attract new users
• Continue veFarming
  • Monitor and adjust veFarming strategies each week to ensure profitability
• Build Future Project
  • Ready for announcement and launch in early 2025

Deadline

2025-02-01

People

yLockers Core team; consists of wavey and dudesahn's respective limited companies

Money

• This budget request covers the 3 months of Nov 2024, Dec 2024 and Jan 2025.
• The amounts below are the per month compensation request.
• Not anticipating to require any funds for audits or UI/UX work this quarter.

Monthly Expense	USDC
Core Contributors	40,000/mo
Nodes/Hosting/Cloud services	280/mo

Revenue

• yCRV (st/lp-yCRV), veCRV (excl. non-tokenized): 2.5x 🔵
• yBAL: 6.25x 🔵
• yLQTY: 6.25x 🔵
• yPRISMA, vePRISMA: 6.25x 🔵
• veVELO, veAERO, veRAM: 6.25x 🔵
• veFarming: 8.75x 🔵
• TBA Future Project: 8.75x 🔵

Note: All revenue is directed to split contracts not deployed by yLockers.

Amount (Total)

120,840 USDC (ideally as yvUSDC-1)

Wallet address

0x4444AAAACDBa5580282365e25b16309Bd770ce4a

Reporting

Once