# Fund smart contract deployment

**URL:** <https://gov.yearn.fi/t/fund-smart-contract-deployment/2577>\
**Category:** Finance\
**Created:** [16 August 2020 22:30 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577 "2020-08-16T22:30:54Z")\
**Posts on this page:** 20\
**Page:** 1

<div class="post-metadata">

**Author:** ![banteg](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/banteg/32/3608_2.png) [@banteg](https://gov.yearn.fi/u/banteg)\
**Post date:** [16 August 2020 22:30 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/1 "2020-08-16T22:30:54Z")

</div>

The treasury now holds enough funds to cover smart contract deployments by Andre since the beginning of 2020 and two weeks forward till the end of August 2020.

This proposal is based on the on-chain data and tries to keep the budget tight only covering the gas costs.

You can verify the results in BigQuery.

```sql
select extract(week from date(block_timestamp)), sum(gas_price * receipt_gas_used / 1e18)
from `bigquery-public-data.crypto_ethereum.transactions`
where date(block_timestamp) > "2020-01-01"
and from_address = '0x2d407ddb06311396fe14d4b49da5f0471447d45c'
group by rollup(extract(week from date(block_timestamp)))
order by min(block_timestamp)

```

Total spent = 179.34 ETH  
Spent on week 32 = 57 ETH  
Grant amount = 179.34 + 57 \* 2 = **293.34 ETH**

ETH price = $432.55  
yCRV price = 1.049435460475213212  
yyCRV price = 1.043194224058814314

Amount to pay: **115,900 yyCRV**  
Pay to: **0x2D407dDb06311396fE14D4b49da5F0471447d45C** (yearn: Deployer)

> **Query results**
>
> week,eth  
> ,179.33831980673315  
> 3,1.1606788822999998  
> 4,1.7190457256642098  
> 5,0.859609889704  
> 6,1.2732523713  
> 7,1.7638570866599999  
> 8,2.9870456931000002  
> 9,3.178885442  
> 10,6.244556485  
> 11,4.954084883699999  
> 12,0.6877152415700001  
> 13,0.36877399480000006  
> 14,0.233559849  
> 15,0.315273633  
> 16,0.40149530790000004  
> 17,0.11939398520000001  
> 18,0.2524291105  
> 19,0.4855815243  
> 20,0.1475877936  
> 22,6.3E-4  
> 24,0.038178790000000004  
> 25,3.273356094  
> 26,9.44592697691  
> 27,0.7251859559999999  
> 28,16.967820153460003  
> 29,14.830861939799998  
> 30,22.8344103451  
> 31,21.61801466295  
> 32,56.99657897621495  
> 33,5.454529013

---

<div class="post-metadata">

**Author:** ![learnyearn](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/learnyearn/32/662_2.png) [@learnyearn](https://gov.yearn.fi/u/learnyearn)\
**Post date:** [16 August 2020 22:40 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/2 "2020-08-16T22:40:12Z")

</div>

Only approve if Andre DM’s us his email address so we can send him the gift card for gucci flip flops.

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**Author:** ![brian](https://avatars.discourse-cdn.com/v4/letter/b/97f17d/32.png) [@brian](https://gov.yearn.fi/u/brian)\
**Post date:** [16 August 2020 22:53 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/3 "2020-08-16T22:53:47Z")

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Yes x100. Let’s reimburse Andre at the very least. Any thoughts on rewarding him as the strategy creator? Thanks for the legwork in figuring out the costs, banteg.

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**Author:** ![YieldBouncer](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/yieldbouncer/32/62_2.png) [@YieldBouncer](https://gov.yearn.fi/u/YieldBouncer)\
**Post date:** [16 August 2020 23:04 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/4 "2020-08-16T23:04:45Z")

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YIP it! Will vote for 🙏

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<div class="post-metadata">

**Author:** ![DeFi\_Ted](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/defi_ted/32/377_2.png) [@DeFi\_Ted](https://gov.yearn.fi/u/DeFi_Ted)\
**Post date:** [16 August 2020 23:05 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/5 "2020-08-16T23:05:24Z")

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Please raise this proposal - it is a no brainer. Let’s refund the main and keep Yearn as safe as possible.

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**Author:** ![kbandla](https://avatars.discourse-cdn.com/v4/letter/k/cc9497/32.png) [@kbandla](https://gov.yearn.fi/u/kbandla)\
**Post date:** [16 August 2020 23:40 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/6 "2020-08-16T23:40:38Z")

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I suggest paying Andre for his effort, expenses and idea than creating proposals for each item… Isn’t the holders/community has responsibility to take care of Andre.

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**Author:** ![Darehwinston](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/darehwinston/32/795_2.png) [@Darehwinston](https://gov.yearn.fi/u/Darehwinston)\
**Post date:** [16 August 2020 23:48 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/7 "2020-08-16T23:48:55Z")

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We should all be for it. It’s the least we can do.

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**Author:** ![saltyfacu](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/saltyfacu/32/591_2.png) [@saltyfacu](https://gov.yearn.fi/u/saltyfacu)\
**Post date:** [17 August 2020 00:04 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/8 "2020-08-17T00:04:50Z")

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Make it a YIP. It’s a must.

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**Author:** ![n00b](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/n00b/32/334_2.png) [@n00b](https://gov.yearn.fi/u/n00b)\
**Post date:** [17 August 2020 00:05 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/9 "2020-08-17T00:05:25Z")

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This must done. Now!

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<div class="post-metadata">

**Author:** ![cp287](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/cp287/32/151_2.png) [@cp287](https://gov.yearn.fi/u/cp287)\
**Post date:** [17 August 2020 01:27 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/10 "2020-08-17T01:27:03Z")

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It is impossible not to vote “aye” on this proposal. Considering that Andre works for free, we must at least cover the costs of the gas burned!!!

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<div class="post-metadata">

**Author:** ![aar27](https://avatars.discourse-cdn.com/v4/letter/a/47e85d/32.png) [@aar27](https://gov.yearn.fi/u/aar27)\
**Post date:** [17 August 2020 01:31 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/11 "2020-08-17T01:31:49Z")

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Raise it. 🍒

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<div class="post-metadata">

**Author:** ![buckley\_gerry](https://avatars.discourse-cdn.com/v4/letter/b/dfb087/32.png) [@buckley\_gerry](https://gov.yearn.fi/u/buckley_gerry)\
**Post date:** [17 August 2020 01:41 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/12 "2020-08-17T01:41:10Z")

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Forgive my ignorance, only in YFI for a day. I thought the treasury was specifically set up to cover GAS anyway? So I figured this would be a foregone conclusion?

Sounds like a YES to me.

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<div class="post-metadata">

**Author:** ![DeFi\_Ted](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/defi_ted/32/377_2.png) [@DeFi\_Ted](https://gov.yearn.fi/u/DeFi_Ted)\
**Post date:** [17 August 2020 04:32 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/13 "2020-08-17T04:32:54Z")

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Please raise the YIP and let’s get voting underway asap. Then we can move onto what the protocol needs next. Supported.

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<div class="post-metadata">

**Author:** ![mattdw](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/mattdw/32/1799_2.png) [@mattdw](https://gov.yearn.fi/u/mattdw)\
**Post date:** [17 August 2020 05:31 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/15 "2020-08-17T05:31:40Z")

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Absolutely! Great idea. The community is benefiting from these smart contracts, it makes sense that it should come as a deduction from our profits.

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**Author:** ![Mr\_Sadim](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/mr_sadim/32/111_2.png) [@Mr\_Sadim](https://gov.yearn.fi/u/Mr_Sadim)\
**Post date:** [17 August 2020 06:36 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/16 "2020-08-17T06:36:16Z")

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If we are going to have a YIP for this we should probably add how payments will be concluded in the future also. Are these payments happening once a month, every six months or how? These costs are very easy to verify, so we should probably already stream line the payment method and frequency.

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<div class="post-metadata">

**Author:** ![banteg](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/banteg/32/3608_2.png) [@banteg](https://gov.yearn.fi/u/banteg)\
**Post date:** [17 August 2020 08:26 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/17 "2020-08-17T08:26:22Z")

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The YIP for this was YIP 36. I think that transparent, justified and tight budget should work better for now than passing every expense through a new YIP. For example, we are trying to get some auditors on board at the moment, such things don’t happen on a forum. So my preference would be rough consensus for budgeting. But overall budgeting needs more thought, so feel free to open a discussion.

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<div class="post-metadata">

**Author:** ![thegismar](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/thegismar/32/664_2.png) [@thegismar](https://gov.yearn.fi/u/thegismar)\
**Post date:** [17 August 2020 09:07 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/18 "2020-08-17T09:07:13Z")

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Agree with [banteg](http://gov.yearn.fi/u/banteg) better estimate a budget and allocate funds to it than make a proposal for every expense. This way the funds are also there before they are spent and nobody has to pay for anything out of their own pocket and hope for a later reimbursement.

(But yes, costs incurred by Andre should be covered ASAP)

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<div class="post-metadata">

**Author:** ![banteg](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/banteg/32/3608_2.png) [@banteg](https://gov.yearn.fi/u/banteg)\
**Post date:** [17 August 2020 14:33 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/19 "2020-08-17T14:33:51Z")

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Executed [https://etherscan.io/tx/0x2f1a31c2d4177f0426e4e1a3c8a9e3909e511174c924b22ff5f6f6364f198b02](https://etherscan.io/tx/0x2f1a31c2d4177f0426e4e1a3c8a9e3909e511174c924b22ff5f6f6364f198b02)

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<div class="post-metadata">

**Author:** ![Coopahtroopa](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/coopahtroopa/32/8_2.png) [@Coopahtroopa](https://gov.yearn.fi/u/Coopahtroopa)\
**Post date:** [17 August 2020 16:38 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/20 "2020-08-17T16:38:55Z")

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Oh my…

Few understand the power of gucci flip flops.

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<div class="post-metadata">

**Author:** ![sparekingdom](https://dub1.discourse-cdn.com/flex013/user_avatar/gov.yearn.fi/sparekingdom/32/592_2.png) [@sparekingdom](https://gov.yearn.fi/u/sparekingdom)\
**Post date:** [18 August 2020 01:56 UTC](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577/21 "2020-08-18T01:56:59Z")

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Amazing.

The Moth queen sees more than she thinks.

[Next page](https://gov.yearn.fi/t/fund-smart-contract-deployment/2577.md?page=2)
