CityDAO

This proposal is to remediate approximately 29.1 ETH in lost funds due to the social engineering attack on January 10, 2022. This amount is approximate and subject to change based on further investigations into some of the claims. All remediation requests will be verified by the core team prior to payment.

We will also have the option of repaying gas spent on fraudulent transactions.

• If you think the DAO should repay both lost funds and gas, please vote “Remediate Lost ETH + Gas Costs”.
• If you think the DAO should only repay lost funds, please vote “Remediate Lost ETH Only”.
• If you think the DAO should remediate some percentage of lost funds, please vote “Partially Remediate Lost ETH Only” (Note: if this option wins, we will have a second vote to determine the %).
• If you think the DAO should not remediate any lost funds, please vote “Do Not Remediate”.

How vote counting will work:

To avoid a situation in which the vote is split fairly evenly, resulting in no remediation winning despite >50% of votes being in favor of remediation in some capacity, the option “Do Not Remediate” will have to receive >50% of all votes to win. If not, it will be removed from the options.

If “Do Not Remediate” receives <50% of all votes and is removed from the options, we will move to “Partially Remediate Lost ETH Only”. To avoid a similar situation, this option will have to receive >50% of all votes minus the votes counted for “Do Not Remediate”. If it does not receive enough votes, it will be removed from the options and we will evaluate the final two.

In evaluating the final two options, the option with the greater number of votes will win.