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
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- Author
arr00.eth
- IPFS#bafkreih
- Voting Systemsingle-choice
- Start DateApr 11, 2024
- End DateApr 17, 2024
- Total Votes Cast126.1K COMP
- Total Voters66
Discussion
Timeline
- Apr 11, 2024Proposal created
- Apr 11, 2024Proposal vote started
- Apr 17, 2024Proposal vote ended
- Jul 11, 2025Proposal updated