[Executable] Reactivate SPP2 streams
AI summary
This proposal aims to reactivate the Service Provider Program Season 2 (SPP2) payment streams that were paused due to a technical issue with Superfluid's autowrap system. It will allocate 500,000 USDC from the ENS DAO treasury, convert it to USDCx (a wrapped version of USDC used for streaming payments), and transfer 400,000 USDCx to the Stream Management Pod. This transfer includes retroactive funding for the period when payments were interrupted, plus an additional week of pre-funding. The proposal also re-establishes the ongoing payment stream from the ENS Treasury to the Stream Management Pod at a rate of approximately $4.5 million per year.
If passed, service providers participating in SPP2 will resume receiving their payments, including compensation for the period they were not paid. The ENS DAO treasury will disburse 500,000 USDC to ensure these payments, benefiting the service providers and restoring the continuity of the program. The Superfluid autowrap system is expected to prevent future interruptions.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
[Executable] Reactivate SPP2 streams
Abstract
This proposal reactivates the Service Provider Program Season 2 (SPP2) streams that were interrupted due to a failure in Superfluid’s autowrap system. The issue has been resolved, and Superfluid has committed to covering any liquidation fees incurred by providers during the interruption. This proposal resumes the original payment streams approved in EP 6.3 and EP 6.10, including retroactive funding for the downtime.
Motivation
Following the Superfluid autowrap failure ([post-mortem report](https://superfluidorg.notion.site/AutoWrap-Syste…