Operations Account - November Update
Index Coop’s Ethereum Operations Account was created on the 25th July and didn’t become actively used 14th August when it received 1,750 ETH2x-FLI tokens for BED liquidity. Since then, we have come a long way including a few highlights here for the inaugural post:
- Redirect FLI revenue: IIP-72
- Authorizing stablecoin strategies: IIP-79
- Updating signers: IIP-88, IIP-99
- Transfer Funding Council assets to Operations Account: IIP-90
- Authorize Rari Capital strategies: IIP-101
- Create an Operations Account on Polygon: IIP-111
- Redirect Simple Indices revenue: IIP-116
- Adopting Parcel for payroll: Link
At November month-end, the Operations Account held the following:
| Asset | Quantity | $ Price | Value |
|---|---|---|---|
| INDEX | 73,191.10 | 15.89 | 1,162,903.26 |
| USDC | 697,693.47 | 1.00 | 697,693.47 |
| ETH | 119.65 | 4,636.43 | 554,753.10 |
| WETH | 37.04 | 4,636.43 | 171,716.91 |
| ETH2x-FLI | 1,858.50 | 249.69 | 464,052.83 |
| BTC2x-FLI | 986.47 | 64.01 | 63,141.24 |
| WBTC | 0.16 | 57,117.09 | 9,186.56 |
| BED:WETH UniV3 | 1 | Link to pool | 292,129.45 |
OKR Overview
- Number of Operations Account Transactions: 33 (nonce 22 to 49)
- Total Index Coop ERC-20 Transactions: 47
- Number of Operations Account ERC-20 Transactions: 20
- Number of Operation Account Time Sensitive Transactions: 9 (ETH2x & BTC2x sell transaction + BETA purchase)
- Percentage of Time Sensitive Operation Account Transactions: 9/33 = 27.3%
- Number of failed transaction due to insufficient signers: 0
- Number of successful safety test transaction: 0
- Number of incorrectly executed transaction: 0
- Gas Spend during November: Operations Account total 0.7738 ETH, 0.2106 of which was covered by Parcel
- Number of Days to Process Contributor Rewards: 5
- Number of Contributor reward disputes per quarter: 1 to date
- Number of Developer hours utilised by Contributor Reward process: 0
Time Sensitive Transaction Details
| Time Sensitive Transaction | Start Time | Finish Time | Duration (min) | Transaction Summary |
|---|---|---|---|---|
| Nonce: 22 | 8:53:17 PM | 9:07:59 PM | 14 min 42 sec | Swap ETH2xFLI for WETH |
| Nonce: 33 | 3:16:41 PM | 3:21:56 PM | 5 min 15 sec | Swap WETH for BETA |
| Nonce: 34 | 3:24:58 PM | 3:28:03 PM | 3 min 5 sec | Swap WETH for BETA |
| Nonce: 35 | 3:30:59 PM | 3:34:06 PM | 3 min 7 sec | Failed Swap |
| Nonce: 36 | 3:38:06 PM | 3:43:12 PM | 5 min 6 sec | Swap WETH for BETA |
| Nonce: 37 | 3:45:11 PM | 3:47:13 PM | 2 min 2 sec | Swap ETH2xFLI for WETH |
| Nonce: 44 | 9:20:47 PM | 9:28:30 PM | 7 min 43 sec | Swap ETH2xFLI for ETH |
| Nonce: 45 | 9:40:11 PM | 9:45:45 PM | 5 min 34 sec | Swap ETH2xFLI for ETH |
| Nonce: 46 | 10:02:45 PM | 10:04:41 PM | 1 min 56 sec | Swap BTC2xFLI for ETH |
Link to Operations Account Signer Activity (signers, time to execution, gas used, gwei price)
Link to ERC-20 Transaction Recap for November for monitored Index Coop wallets.
One of the goals with the Operations account is to streamline payments activity to a core group, with an emphasis on strong controls and timely processing. We hope to continue to deliver on this element of the Operations Account, while continuing to improve transparency through reporting like this.
Original Post: Finance Nest Community Updates - A Thread - #3 by prairiefi
Contributors: @prairiefi, @Matthew_Graham and @ElliottWatts