[Gauntlet] 2024-02-05: Base Rewards Contract Top-Up Recommendations
01Summary
Proposal to grant 5,850 COMP tokens to the Base CometRewards contract to extend its operational period by three months, supporting 65 daily COMP distributions across Base chain comets.
- Type
- treasury allocation
Key changes
- Transfer 5,850 COMP tokens to Base CometRewards contract via cross-chain deposit(high)
- Extend Base CometRewards operational period by three months(high)
Generated by Kvorum
02Description
[Gauntlet] 2024-02-05: Base Rewards Contract Top-Up Recommendations
Simple Summary
Gauntlet recommends adding 5,850 COMP tokens to the Base CometRewards contract, extending its operational period by three months given the 65 daily COMP distributions across Base chain comets.
For more details, see the full forum post here.
By approving this proposal, you agree that any services provided by Gauntlet shall be governed by the terms of service available at gauntlet.network/tos.
03Mismatch analysis
The description claims a single high-level action: topping up the Base CometRewards contract with 5,850 COMP. The calldata implements this via three mechanical steps typical of an L1→L2 bridge transfer: (1) grant 5,850 COMP from the Comptroller to an intermediary address, (2) approve the L1 Standard Bridge to spend that COMP, and (3) call depositERC20To specifying the Base CometRewards address (0x123964802e6ABabBE1Bc9547D72Ef1B69B00A6b1, matching the address linked in the description) as the final recipient, with the correct L1/L2 COMP token pair and the exact amount (5850000000000000000000 = 5,850 COMP with 18 decimals). All amounts and the final destination match the prose exactly; the intermediate grant/approve steps are standard bridging boilerplate that a reasonable summary would omit. No value, target, or omission issues found that would mislead a delegate.The description is faithfully aligned with all three sequential actions in the calldata.
Generated by Kvorum
04Actions
- Target
- 0x3d98…cd3b
- Value
- 0 wei
- Function
- _grantComp(address,uint256)
- Arguments
{ "0": "0x6d903f6003cca6255D85CcA4D3B5E5146dC33925", "1": "5850000000000000000000" }- Calldata
- Target
- 0xc00e…6888
- Value
- 0 wei
- Function
- approve(address,uint256)
- Arguments
{ "0": "0x3154Cf16ccdb4C6d922629664174b904d80F2C35", "1": "5850000000000000000000" }- Calldata
- Target
- 0x3154…2c35
- Value
- 0 wei
- Function
- depositERC20To(address,address,address,uint256,uint32,bytes)
- Arguments
{ "0": "0xc00e94Cb662C3520282E6f5717214004A7f26888", "1": "0x9e1028F5F1D5eDE59748FFceE5532509976840E0", "2": "0x123964802e6ABabBE1Bc9547D72Ef1B69B00A6b1", "3": "5850000000000000000000", "4": "200000", "5": "0x" }- Calldata
05Tally
Summed from votes
06Voters
No votes recorded yet.
07Forum
- [Gauntlet] Base Rewards Contract Top-Up (1/31/24) ↗discourse · high confidence
Arguments for
- Base rewards contract has the lowest runway at only 66 days and requires top-up to maintain continuity of liquidity incentives.— Gauntlet
- Adding 5,850 COMP provides approximately 3 months of future runway, following Gauntlet's established protocol of topping up when a chain reaches ~2 months of remaining runway.— Gauntlet
Arguments against
None surfaced.
Notable participants
- GauntletProposal author and risk management firm recommending Base rewards contract top-up.
Generated by Kvorum
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