Background
Capacity Incentives Pool that was funded in April with 5m FLT has been fully exhausted in September and has reached it’s maximum threshold of 75,000 FLT per day. Capacity Incentives Pool is being used to grant capacity rewards to providers and staking rewards to delegators of capacity commitments.
Cloudless Labs topped up the pool for another 5m FLT in September, and 2.5m FLT in November, but more funds is required. Given the pool daily limit, allocation to providers right now is 2.25m FLT per month (~$33k/mo a current price)
Proposal
This proposal suggests executing two transactions to Cloudless Labs:
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Compensating Cloudless Labs for September and November pool top-ups totaling 7,500,000 FLT (see above). These funds will be bridged to Fluence rollup and used for staking to capacity commitments.
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Depositing 12,500,000 FLT more into the Capacity Incentives Pool, which is estimated to sustain six months of operations based on the current rewards volume which are capped with daily limit. These funds should be sent to Cloudless Labs wallet, which will bridge it to the Fluence rollup and immediately deposit to the capacity incentives pool.
Note, that Cloudless Labs doesn’t hold DAO’s funds and only operates on behalf of DAO to top up the pool.