IGP-139: Increase Foundation monthly grant from $250,000 to $350,000

[thrilok209]

Raises the Fluid Foundation's monthly grant from $250,000 to $350,000 per the forum proposal, and executes the first disbursement at the new rate.

The $250,000/month grant approved in February (Snapshot) was never drawn — IGP-124 expired without execution while the treasury absorbed Resolv-incident costs. This tranche is funded in stETH from the Fluid Reserve rather than the Treasury fGHO route IGP-124 used.

Action 1: Transfer the monthly grant to the Fluid Foundation

Source	Fluid Reserve 0x264786EF916af64a1DB19F513F24a3681734ce92
Method	withdrawFunds([stETH], [187e18], FLUID_FOUNDATION, "FOUNDATION GRANT")
Token	stETH 0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84
Amount	187 stETH — ~$350,000 at the 7-day average ETH price of $1,872.43
Recipient	Fluid Foundation 0xde0377eF25aD02dBcFbc87D632E46bf1972A0Dc3

Mirrors IGP-134 Action 4, which withdrew a fixed stETH amount from the Reserve through the same V2 withdrawFunds entrypoint. The only deltas are the amount (148 → 187 stETH), the recipient (Team Multisig → Foundation), and the event reason string.

Numbering

Governor proposalCount is 137 (read at block 25,697,915), so this payload lands on 138.

Important

#176 currently also claims id 138. Only one payload can be 138, and PayloadIGPMain.propose() reverts with PROPOSAL_IS_NOT_SAME on a mismatch. This grant is intended to go out first, so #176 needs to be renumbered to 139 before it is proposed.

Pre-deploy checks

• npx hardhat compile — clean, only the repo-wide benign _PROPOSAL_ID "can be restricted to pure" warning
• igp-validator --id=138 — passed
• Payload audit (verify-payload) — PASS_WITH_NOTES, no blockers
• Timelock authorization verified on-chain: the Reserve's owner() is the Timelock and withdrawFunds is onlyMultisig, which accepts the owner. The owner branch bypasses the Treasury/Buyback recipient allowlist, so the Foundation is a valid destination.
• IFluidReserveContractV2 is the correct interface — the deployed implementation exposes only the 4-arg signature (0x3ee1f1ea)
• Tenderly simulation — run 31181589246 passed the full lifecycle through execution
• Re-check Reserve stETH balance immediately before execution (see below)

Execution note

The Reserve holds 194.635 stETH against the 187 required — about 4% headroom. withdrawFunds moves a fixed amount and does no balance check of its own, so if the balance dips below 187 stETH at execution the Lido transfer fails and the whole proposal reverts. stETH rebases positively so the balance should drift upward, but any other stETH egress between queueing and execution would eat the margin. simulation/setup.ts asserts this precondition and fails loudly rather than pre-funding.

Queued IGP-137 withdraws FLUID from the Treasury and touches neither the Reserve nor stETH, so there is no ordering dependency.

For proposer confirmation

• Nothing on-chain encodes a rate or schedule. This payload is a single one-time transfer; each subsequent monthly tranche needs its own proposal. The increase and the recurrence are policy commitments, not enforced here.
• The amount is fixed in token terms, so the USD value actually delivered drifts with ETH between proposal creation and execution.

IGP Actions

// Action 1: Transfer the monthly grant to the Fluid Foundation.

[github-actions]

Governance Simulation Completed - IGP-138

Payload Contract: PayloadIGP138

Proposal Actions

• Action 1: Transfer the monthly grant to the Fluid Foundation.

📊 Transaction Summary

Step	Status	Transaction
deployment	✅ Success	View
setExecutable	✅ Success	View
delegation	✅ Success	View
proposalCreation	✅ Success	View
proposalCreation	✅ Success	View
voting	✅ Success	View
voting	✅ Success	View
voting	✅ Success	View
voting	✅ Success	View
voting	✅ Success	View
voting	✅ Success	View
voting	✅ Success	View
queueing	✅ Success	View
execution	✅ Success	View

Proposal Creation Transaction

Transaction Hash: 0xc072cba0ad73771d41647934e9dd24d27886df1cc7b10d1c7abe615317babb06

Tenderly Dashboard: View Transaction

Raw Transaction Data

From: 0xA45f7bD6A5Ff45D31aaCE6bCD3d426D9328cea01
To: 0xb7846261Ebe3770CB593519DA663D1A498302Fb8
Data: 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Value: 0x0
Gas Limit: 0x9896800
Gas Price: 0x0

Links

• Tenderly Dashboard
• Fluid UI (Staging)
• Virtual Network Dashboard

[github-actions]

IGP Validation Failed - IGP-138

The IGP structure does not meet the required standards for automated simulation.

Validation Errors

1. IGP sequence validation failed:
- Current IGP: 138
- Latest IGP in system: 139
- Expected next IGP: 140
- New IGP must be exactly +1 from the latest IGP
2. IGP directory not found. Expected one of:
- /home/runner/work/fluid-governance/fluid-governance/contracts/payloads/IGP138
- /home/runner/work/fluid-governance/fluid-governance/contracts/payloads/igp-138

Required Structure

Mandatory Requirements:

1. IGP Sequence: Must be exactly +1 from the latest IGP in the system
2. Contract Location: contracts/payloads/IGP138/PayloadIGP138.sol
3. Contract Name: Must be PayloadIGP138
4. Contract Inheritance: Must inherit from PayloadIGPMain
5. Execute Function: Must have function execute() public virtual override
6. Minimum Actions: At least 3 numbered actions in execute() function
   • Format: // Action 1: Description followed by action1();
7. Compilation: Must compile successfully with npx hardhat compile

Optional but Recommended:

• contracts/payloads/IGP138/description.md - Proposal description
• ignition/modules/PayloadIGP138.ts - Ignition deployment module
• contracts/payloads/IGP138/simulation/setup.ts - Pre-simulation setup script

Next Steps

1. Review and fix the validation errors listed above
2. Ensure your IGP number follows the sequence
3. Verify the contract name and structure match requirements
4. Push changes to re-trigger validation and simulation

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Automated IGP validation via GitHub Actions