This motion is a resubmission of [motion 265](https://phala.subsquare.io/council/motions/265) due to the wrong decimal in the `forceTransfer` call.

# Original Proposal

This motion will update the [Tokenomic Budget Balancer](https://docs.phala.network/compute-providers/basic-info/budget-balancer) used by Phala & Khala Network. It includes two operations: (1) point the permission to the upgraded budget balancer, and (2) force transfer the gas fee from the old balancer's contract held account to the new one.

The Tokenomic Budget Balander was upgraded to follow the upstream upgrade. Due to Subsquid deprecating the old API, the Subscan API is now used for block information queries, and the maximum value of the budget has been limited. The source code is available at https://github.com/Phala-Network/budget-balancer/commit/ff4f6d345faf57cfbabb89d66547eb3f6811a340.

- This is a proposal to update something called the Tokenomic Budget Balancer used by Phala & Khala Network.
- There are two things that need to be done to update it: (1) point to the new budget balancer, and (2) transfer the gas fee from the old balancer to the new one.
- The Tokenomic Budget Balancer was upgraded to follow the upstream upgrade.
- The old API was deprecated, so a new one called Subscan API is being used for block information queries.
- The maximum value of the budget has been limited and you can find the source code at a website called Github.

proposal

#266·Retry: Upgrade Tokenomic Balancer Phat Contract - motion #266

Original Proposal