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BadgerDAOBadgerDAOby0xc9049cB9aB542D0Bd0fA099ff8E3e8b3FCa13b13thecryptocommander.eth

BIP 103 - Amendment 4 - Reinstate Pharos

Voting ended about 2 years agoSucceeded

Original Clause: remBADGER withdrawn prior to the expiration of the prior restitution program is not eligible for the new restitution program

Proposal: @Pharos, address 0x6d0BBe84eBa47434a0004fc65797B87eF1C913b7, to re-deposit to the restitution vault by converting 20,950 BADGER to remBADGER.

Context:

  • Pharos held 20,950 remBADGER which he withdrew in November 2023
  • Pharos received 20,200 BADGER which were then immediately sold (same day)
  • Pharos held ~300 BADGER as of the Forum posting
  • By exiting the remBADGER vault for the initial restitution program, Pharos knowingly chose to forfeit the last two months of rewards
  • His position is that he did not agree or decided to be excluded from any future compensation efforts
  • Reinstating Pharos would dilute by 2.9% (20,950 / 726,034) other existing victims who remained in the vault and are eligible to re-deposit

Off-Chain Vote

Approve Amendment 4
31.24K BADGER1%
Decline Amendment 4
3.07M BADGER99%
Quorum:3097%
Download mobile app to vote

Discussion

BadgerDAOBIP 103 - Amendment 4 - Reinstate Pharos

Timeline

Mar 17, 2024Proposal created
Mar 17, 2024Proposal vote started
Mar 20, 2024Proposal vote ended
Aug 11, 2025Proposal updated