0xe52c3932…d726sent to0x323a7639…b7e3·#22,784,697·view on Etherscan
# [EP 6.13] [Corrected] [Executable] - SPP 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](https://www.tally.xyz/gov/ens/proposal/50462913323863149622798490468303951055439459905477651666479638328507088159695) for service provider selection and the budget framework established in [EP 6.3](https://www.tally.xyz/gov/ens/proposal/45863606498975303062952719073086674668061306651606831273917754523416516421073).
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:
| Service Provider | Annual Allocation | Stream Duration |
| -------------------------- | ----------------- | --------------- |
| ETH.LIMO | $700,000 | 2 years |
| Blockful | $700,000 | 2 years |
| Namehash Labs | $1,100,000 | 1 year |
| Ethereum Identity Protocol | $500,000 | 1 year |
| Unruggable | $400,000 | 1 year |
| Namespace | $400,000 | 1 year |
| ZK Email | $400,000 | 1 year |
| Justaname | $300,000 | 1 year |
| **Total** | **$4,500,000** | |
### 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`
**Calldata:**
```
0x095ea7b30000000000000000000000001ba8603da702602a8657980e825a6daa03dee93a000000000000000000000000000000000000000000000000000000000574fbde600
```
* Tenderly: [Approve USDCx](https://www.tdly.co/shared/simulation/2207ca50-6804-4e33-be61-4181ecd3f8e5)
### Transaction 2: Upgrade USDC to USDCx
**Target:** `0x1BA8603DA702602A8657980e825A6DAa03Dee93a` (USDCx)
**Function:** `upgrade`
**Arguments:**
* `amount: 375000000000000000000000`
**Calldata:**
```
0x45977d03000000000000000000000000000000000000000000004f68ca6d8cd91c600000
```
* Tenderly: [Upgrade USDC](https://www.tdly.co/shared/simulation/6abf821b-779e-429b-b8dd-707b71360687)
### Transaction 3: Set Flow Rate
**Target:** `0xcfA132E353cB4E398080B9700609bb008eceB125` (Superfluid)
**Function:** `setFlowrate`
**Arguments:**
* `token: 0x1BA8603DA702602A8657980e825A6DAa03Dee93a`
* `receiver: 0xB162Bf7A7fD64eF32b787719335d06B2780e31D1`
* `flowrate: 142599440769357573`
**Calldata:**
```
0x57e6aa360000000000000000000000001ba8603da702602a8657980e825a6daa03dee93a000000000000000000000000b162bf7a7fd64ef32b787719335d06b2780e31d100000000000000000000000000000000000000000000000001fa9d6f943a1705
```
* Tenderly: [Set Flow Rate](https://www.tdly.co/shared/simulation/9dd3a70d-cec4-4fac-88cf-9362fda170fc)
### Transaction 4: Set Autowrap Allowance
**Target:** `0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48` (USDC)
**Function:** `approve`
**Arguments:**
* `spender: 0x1D65c6d3AD39d454Ea8F682c49aE7744706eA96d`
* `amount: 6375000000000`
**Calldata:**
```
0x095ea7b30000000000000000000000001d65c6d3ad39d454ea8f682c49ae7744706ea96d000000000000000000000000000000000000000000000000000005cc4b9c4600
```
* Tenderly: [Set Autowrap Allowance](https://www.tdly.co/shared/simulation/e192ea31-145c-4d50-9632-1342267f5b8b)
*
### 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](https://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.
***