In December, the compound community multisig received 186.6k ETHW through a white-hat hack. We've been looking for methods to hand it over to the DAO since the receiving the ETHW; however, since there is limited DEX liquidity and bridging abilities, this has been difficult. Recently, AlphaGrowth has agreed to facilitate the OTC transaction via wintermute.
This proposal seeks guidance from the community on moving forwards with swapping and transferring the ETHW. Given community support, we will swap to either USDC or ETH and pay out a 10% white-hat bounty to Arr00. The remaining 90% of funds will be sent to the Compound DAO multisig.
If the sum of the swap votes is higher than the do not swap votes, we will follow the swap selection with the most votes.
Off-Chain Vote
Swap to ETH
76.1K COMP60.3%
Swap to USDC
50K COMP39.7%
Do not Swap
0.2 COMP0%
Discussion
Timeline
Apr 11, 2024Proposal created
Apr 11, 2024Proposal vote started
Apr 17, 2024Proposal vote ended
Jul 11, 2025Proposal updated