Inverse Finance

PROPOSAL

Seize the INV tokens of fully inactive addresses and transfer them to the DAO for later use.

DESCRIPTION

Active addresses (or members) are defined by having participated to the DAO in at least one of the following ways :

1. Delegated votes to an address including their own address
2. Voted a minimum of one time (either on-chain or on the two snapshots preceding this proposal [2])
3. Deposited in any of the Inverse.finance vaults

Conversely, inactive addresses are addresses who have not performed any of the actions cited above.

The list of fully inactive addresses as determined by auditing the full set of original INV holders against the actions above is appended to this proposal [3].

RATIONALE

Inverse Finance initially required an in-depth application to be included in the DAO. The core part of this process was hinged on user involvement. In other words, Inverse has made it abundently clear from the very start that it sought to exclude “freeloaders” or fully passive members [1]. In fact, the original distribution of INV could also be thought of as the first “Roll Call”.

Inverse Finance’s definition of “contribution” is also very generous and extensive. Therefore, at this point in time, it is safe to assume that fully inactive members are not interested in being part of the DAO anymore. However, these few idle members were granted a final chance to signal their interest in being part of the DAO by voting in a roll call on Snapshot (and not on-chain) for maximum participation and accessibility. . ACTIONS

1. Conduct Snapshot (gasless and off-chain) votes for this proposal lasting exactly 10 days (240 hours) to allow holders to identify themselves as active. - DONE [2]
2. Create a formal on-chain proposal containing the code to transfer the INV of fully inactive members to the DAO. Technically, these addresses would be the addresses cited below that did not take part in the Snapshot vote, or any of the actions lised in the DESCRIPTION.
3. Seize the tokens of fully inactive addresses and mint the tokens into the INV treasury.

NOTE: Two proposals are required to fully seize the tokens as the proposal structure supports a maximum of 19 actions. Both proposals will be posted simultaneously. . OUTCOMES

After execution of both proposals 2560 INV is freed for later use by the DAO. It can be used to give to new, active members or to reward current active members for their participation.

Most importantly, INV transfers (and trades) can be enabled with the assurance that only active DAO members are holding it.

In conclusion, the Seize will provide a clean slate of active DAO members to keep building Inverse Finance.

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[1] See tweets : https://twitter.com/InverseFinance/status/1340699906072297474, https://twitter.com/InverseFinance/status/1340682301156564992, https://twitter.com/InverseFinance/status/1340677428830744577, https://twitter.com/InverseFinance/status/1340690620235608066, https://twitter.com/InverseFinance/status/1340691250178109440.

[2] See: https://snapshot.page/#/inversefinance.eth/proposal/QmYJqfhA1u8xrWgZAm8wrxViUGnXdp2nJBmXSy2d5UWz1m and https://snapshot.page/#/inversefinance.eth/proposal/QmPXFNwtrEtEwaF7VEqZhTx27yL6DhvUJHkw3VhPPLQfqu . [3] As per https://github.com/InverseFinance/witch-hunt/blob/main/seize.csv