[EP 6.13] [Executable] - Service Provider Program Season 2 Implementation

Correction

The previous version of this proposal has incorrect text in the description. This version is corrected.

Abstract

This executable proposal implements the Service Provider Program Season 2 (SPP2) following the approval of EP 6.10 for service provider selection and the budget framework established in EP 6.3.

This proposal transitions our existing streaming infrastructure from the $3.6M annual budget supporting 9 providers to the new $4.5M annual budget supporting 8 providers, including 6 continuing providers and 2 new additions.

Specification

Following the selection of service providers in EP 6.10, this proposal implements the technical changes required to:

1. Adjust Streaming Infrastructure - Update the master flow rate from ENS DAO to the Stream Management Pod to accommodate the increased budget
2. Provide Initial Funding - Supply one month of USDC funding (375,000 USDC) to ensure uninterrupted service
3. Configure Autowrap Parameters - Set appropriate allowances for automatic USDC-to-USDCx conversion

The Stream Management Pod will continue to manage individual provider streams, adjusting rates for continuing providers and establishing new streams for JustaName and ZK Email.

Service Provider Allocations

The following providers and allocations have been approved:

Technical Implementation

The implementation maintains our existing Superfluid architecture:

• ENS Treasury (Timelock) → Stream Management Pod → Individual Service Providers
• The Stream Management Pod continues to be controlled by 3 of 5 signatures (3 Metagov Stewards, Secretary, and DAO Governor)
• Security measures remain in place, limiting exposure to approximately 50 days of funding in case of contract compromise

Transactions

Transaction 1: Approve USDCx

Target: 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48 (USDC)
Function: approve
Arguments:

• spender: 0x1BA8603DA702602A8657980e825A6DAa03Dee93a
• amount: 375000000000

0x095ea7b30000000000000000000000001ba8603da702602a8657980e825a6daa03dee93a000000000000000000000000000000000000000000000000000000000574fbde600

• Tenderly: Approve USDCx

Transaction 2: Upgrade USDC to USDCx

Target: 0x1BA8603DA702602A8657980e825A6DAa03Dee93a (USDCx)
Function: upgrade
Arguments:

• amount: 375000000000000000000000

0x45977d03000000000000000000000000000000000000000000004f68ca6d8cd91c600000

• Tenderly: Upgrade USDC

Transaction 3: Set Flow Rate

Target: 0xcfA132E353cB4E398080B9700609bb008eceB125 (Superfluid)
Function: setFlowrate
Arguments:

• token: 0x1BA8603DA702602A8657980e825A6DAa03Dee93a
• receiver: 0xB162Bf7A7fD64eF32b787719335d06B2780e31D1
• flowrate: 142599440769357573

0x57e6aa360000000000000000000000001ba8603da702602a8657980e825a6daa03dee93a000000000000000000000000b162bf7a7fd64ef32b787719335d06b2780e31d100000000000000000000000000000000000000000000000001fa9d6f943a1705

• Tenderly: Set Flow Rate

Transaction 4: Set Autowrap Allowance

Target: 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48 (USDC)
Function: approve
Arguments:

• spender: 0x1D65c6d3AD39d454Ea8F682c49aE7744706eA96d
• amount: 6375000000000

0x095ea7b30000000000000000000000001d65c6d3ad39d454ea8f682c49ae7744706ea96d000000000000000000000000000000000000000000000000000005cc4b9c4600

• Tenderly: Set Autowrap Allowance

Transaction Details

1. Approve USDCx: Allows the USDCx contract to spend 375,000 USDC from the ENS DAO treasury for the initial month of funding
2. Upgrade USDC to USDCx: Wraps 375,000 USDC to USDCx (Superfluid's streaming token format)
3. Set Flow Rate: Increases the master stream from 0.114155251141552512 USDCx per second ($3.6M/year) to 0.142599440769357573 USDCx/second ($4.5M/year)
4. Set Autowrap Allowance: Authorizes the Superfluid autowrapper to convert up to 6.375M USDC over time, ensuring continuous funding availability

Verification

The testing repository with calculation tools and verification scripts is available at github.com/5ajaki/SPP2-Streams.

Implementation Timeline

Upon passage of this proposal:

1. The transactions will be executed immediately
2. The Stream Management Pod will receive the increased flow rate
3. Metagov stewards will coordinate with service providers to:
   • Update existing provider streams to new rates
   • Establish streams for new providers (JustaName and ZK Email)
   • Calculate and distribute any backdated payments for rate increases

All providers will continue to be subject to the existing KYC and sanctions compliance requirements established in SPP1.