# \[IIP-40\] M3-2024 budget transfer to Leagues

**URL:** <https://gov.pareto.credit/t/iip-40-m3-2024-budget-transfer-to-leagues/1262>\
**Category:** ⛓ IIPs\
**Created:** [August 6, 2024, 5:35pm UTC](https://gov.pareto.credit/t/iip-40-m3-2024-budget-transfer-to-leagues/1262 "2024-08-06T17:35:26Z")\
**Posts on this page:** 2\
**Page:** 1

<div class="post-metadata">

**Author:** ![Biaf](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/biaf/32/213_2.png) [@Biaf](https://gov.pareto.credit/u/Biaf)\
**Post date:** [August 6, 2024, 5:35pm UTC](https://gov.pareto.credit/t/iip-40-m3-2024-budget-transfer-to-leagues/1262/1 "2024-08-06T17:35:26Z")

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### Summary

The IIP transfers the M3-2024 funding to DAO Leagues.

### References

- [Leagues M3-2024: Roadmap and M2-2024 Recap](https://gov.pareto.credit/t/leagues-m3-2024-roadmap-and-m2-2024-recap/1260) post

## Rationale

### [1. Leagues M3-2024: Roadmap and M2-2024 Recap](https://gov.pareto.credit/t/leagues-m3-2024-roadmap-and-m2-2024-recap/1260)

> [@Leagues M3-2024: Roadmap and M2-2024 Recap](https://gov.pareto.credit/t/leagues-m3-2024-roadmap-and-m2-2024-recap/1260/1):
>
> ![image](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/2X/7/70d63733ae34f8af24db458173af73178dfa26de.png)
> 
> **The [expected budget for M3-2024](https://docs.google.com/spreadsheets/d/1S881srmcOfhM4pFk_BcCjFLF2fbe32te8BFgrWOrA98/edit?usp=sharing) is set at $167’500 in stablecoin.**
> 
> Currently, the [Treasury League multisig](https://app.safe.global/balances?safe=eth:0xFb3bD022D5DAcF95eE28a6B07825D4Ff9C5b3814) holds approximately $34,000 in stablecoins and $39,000 in ETH/LRTs, based on current market prices. However, it’s important to note that $41,000 needs to be deducted due to the fee-sharing agreement as part of the [Fasanara Strategic Deal](https://gov.pareto.credit/t/idle-dao-strategic-agreement-fasanara-digital/1173). Should the Temperature Check for IDLE tokenholders yield a positive result, we plan to transfer $135,500 USDT/USDC from the [Fee Treasury](https://etherscan.io/address/0x69a62c24f16d4914a48919613e8ee330641bcb94).

## Specifications

The IIP-40 consists of one action:

- 1 action to transfer 135,500 USDC from the [`FeeTreasury`](https://etherscan.io/address/0x69a62c24f16d4914a48919613e8ee330641bcb94) to the [Treasury Leagues multisig](https://etherscan.io/address/0xFb3bD022D5DAcF95eE28a6B07825D4Ff9C5b3814)

### Next Step

The temperature checks for the above proposal have already been successfully closed. We are going to open the on-chain voting phase soon after the publication of this Idle improvement proposal.

---

<div class="post-metadata">

**Author:** ![Biaf](https://yyz1.discourse-cdn.com/flex031/user_avatar/gov.pareto.credit/biaf/32/213_2.png) [@Biaf](https://gov.pareto.credit/u/Biaf)\
**Post date:** [August 7, 2024, 9:34am UTC](https://gov.pareto.credit/t/iip-40-m3-2024-budget-transfer-to-leagues/1262/2 "2024-08-07T09:34:42Z")

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### On-chain Voting Phase

 ![image](https://canada1.discourse-cdn.com/flex031/uploads/idle/original/2X/b/b9f282c9070d63db7057d1d03ed922c63ac34680.jpeg)

✍ Cast your on-chain $IDLE vote here: [HERE](https://www.tally.xyz/gov/idle/proposal/40)  
🗓 End date: 2024-08-09T19:00:00Z

✍ $IDLE stakers (stkIDLE holders) can vote here: [HERE](https://snapshot.org/#/staking.idlefinance.eth/proposal/0x32ec6c68ab88b1b837d235098a6ea87fa695d6b506efd653a8130cd415830561)  
🗓 End date: 2024-08-09T15:00:00Z

The threshold to make the off-chain poll valid (both metrics should be reached):

- 20% of circulating stkIDLE voting the poll (min. ~70k stkIDLE)
- at least 70% on the same option.

The [stkIDLE voting calculator](https://docs.google.com/spreadsheets/d/1BnH9boRmBADuyquvDMh0AmQfF97Zj76sIENKtySLU8o/edit?usp=sharing) will be used to calculate the final results.

Make sure you have been [delegated](https://gov.pareto.credit/t/delegation-board/1049/5)to participate in this voting round