Background
The Capacity Incentives Pool was intended to be fully funded from the beginning of the token launch for a total of 100m FLT. Because of gradual network capacity onboarding, the total amount never was deposited to the pool and kept in the DAO treasury. Nevertheless, as part of the incremental onboarding of capacity, incentives were distributed using FLT deposited into the pool by Cloudless Labs.
To date, Cloudless Labs has funded the pool with the following deposits:
So far, providers and stakers have earned a total of 1,240,134 FLT in rewards, and where 950,000 FLT are still unvested with a remaining pool balance of approximately 250,000 FLT.
Proposal
This proposal suggests executing a transaction of 5,490,000 FLT to Cloudless Labs, which will be used for the following:
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Compensating Cloudless Labs for previous pool top-ups totaling 490,000 FLT (see above).
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Depositing 5,000,000 FLT into the Capacity Incentives Pool, which is estimated to sustain three to four months of operations based on the current rewards volume and FLT price. 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.