Community Reimbursement

Proposal in full: https://github.com/debaseonomics/DIPS/blob/main/dip-8.md Discussions to: https://discord.gg/2FaYk8VqT9

Abstract: Proposal to reimburse community members who sent DEBASE to SP1 V1 around launch time (23rd December) to smoothen over issues with the launch even though they were not staking in SP1 V1 themselves. This DEBASE was used instead to provide rewards to SP1 LPs. Therefore as we move from SP1 V1 to SP1 V2, we take this time to reimburse said members in terms of the percentage of DEBASE they contributed to SP1 to help it function smoothly. Vidar the Auditor will mediate the process from the DEBASE multi-sig to ensure the integrity of the reimbursement.

Technical Details: On launch day of SP1 V1, the reward rate of SP1 was set to 100 times the reward rate voted on by governance. Once the issue was discovered, the issue was remedied by sending rewards back to the rewards contract leaving SP1 with no DEBASE to give till next rewards trigger. To help LPs claim the rewards given to them, community members sent their DEBASE to SP1. The transactions are as below and add up to 10,500 DEBASE, which is 0.000540148163 as a fraction of Total Supply:

https://etherscan.io/tx/0xb0a9b84fd7faf9671f0559714ad5ddcef8a83ab333654c3162ff3d9b281614d9

https://etherscan.io/tx/0x90133b4d48fc9425b1b211d1b3589cf0134d6b4a3430a4a449f5e668bf9495f5

https://etherscan.io/tx/0x9b775a958ee0889997c154dca5ef5b1b71b257b6aff524815a1f72ae0ac3d7cc

The members should be reimbursed in the percentage of total supply of Debase they sent to the rewards contract, especially since their transaction history reveals they didn't mine DEBASE from SP1 V1 themselves. To ensure integrity of the reimbursement, VidarTheAuditor will mediate the process from the DEBASE multi-sig.

Notes: The grant process will be mediated by VidarTheAuditor to ensure integrity; he will audit the smart contract written to request the grant. All assets will be first transferred from the rewards contract to the multi-sig where he is signatory.

Vote Yes if in favor of grant, No otherwise