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closedEnded 4 years ago ยท Snapshot (Offchain)

[Attack Recovery #8] Should there be one or two tokens issued as part of the Indexed compensation plan?

By 0x0000...C0bA6E

https://forum.indexed.finance/t/proposal-compensation-mechanisms/801

In the aftermath of the 14th October 2021 attack on Indexed Finance, the DAO should consider whether the compensation mechanism decided in Vote #7 of this wave (should a decision be made) should be split in two: one for affected LP holders, and one for holders of the โ€˜pureโ€™ variants of the affected index tokens.

The reasoning for this is down to the fact that a court - if they determine that funds should be returned to the DAO to restore the status quo, and can enforce such a return - may not take the view that LP holders are directly impacted here, and as such should not be eligible for compensation in the same way that direct holders of the token are.

The DAO, of course, understands that including an affected token such as DEFI5 within a Uniswap LP does not in any way minimise the exposure that a holder has to attacks such as this, but this is unknown territory.

This is a single-choice vote, which will run for one week to allow as many members of the DAO as possible to cast their ballots.

The option with the most votes at the end of this week will be considered the will of the DAO.

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Connect Wallet to Add Note
0
Votes 52
VoterCast PowerVote & Rationale
0x0000...C0bA6E
260,647

Two tokens

0xef76...E3F8dB
135,122

Two tokens

0xc4C5...e0205f
53,768

Two tokens

0x21aF...F5c7d1
15,000

Two tokens

0xF7B1...B3E2D6
12,341

Two tokens

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VOTE POWER
0
Connect Wallet
Proposal Status
  • Tue October 26 2021, 11:00 pmVoting Period Starts
  • Tue November 02 2021, 12:00 amEnd Voting Period
Current Results

1-Two tokens

533,771.664

99.59%

2-One token

2,176.153

0.41%
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