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GivethGivethby0x839395e20bbB182fa440d08F850E6c7A8f6F0780griff.eth

Should we end the mainnet GIVsteams of the univ3 "middle fingers"?

Voting ended almost 4 years agoSucceeded

This is a proposal to terminate the disproportionate mainnet GIVstreams allocated to 3 address who took advantage of information asymmetry & got huge earnings from providing concentrated liquidity in Univ3 rewards program.

As you may be aware, the Univ3 rewards program was poorly designed based on incorrect assumptions. We later became aware that a handful of addresses were privvy to information asymmetry and were taking advantage of the program providing concentrated liquidity and earning rewards disproportionate to the value-added to the community. No significant mainnet rewards were earned by other means & in many cases, these addresses have been dumping the GIV earned.

On March 21, 2022 after unanimous community approval, we terminated the univ3 rewards program to protect the GIVeconomy.

There is still a balance of more than 2.6 million GIV on mainnet in the Token Distro allocated to the address that were taking advantage of our poorly designed rewards program, which is set to flow via the GIVstream until December 2026.

In there interest of the long-term sustainability of GIV and the GIVeconomy, this is a proposal to terminate the mainnet GIVstreams of these 3 addresses. 0x213439b642dbb9d5ee7bafdafb1f33f9ab8b7e35 0xb66edbf805783e67a9b1039f7524e5009631c847 0x261f436676cfa456a8f086a850160e97550aea9c

Analysis and significant context is given in this forum post

Off-Chain Vote

Yes, terminate those GIVstreams
2.59M GIV94.5%
No
0 GIV0%
Abstain
150.98K GIV5.5%
Quorum:27378%
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Discussion

GivethShould we end the mainnet GIVsteams of the univ3 "middle fingers"?

Timeline

Apr 11, 2022Proposal created
Apr 11, 2022Proposal vote started
Apr 16, 2022Proposal vote ended
Feb 03, 2026Proposal updated