GIP-40: Should Gnosis DAO support a reimbursement plan to the Hundred Finance Community in the following manner?
On March 15th, 2022, the Gnosis Chain deployment of the Hundred Finance lending platform was exploited. This exploit drained liquidity across all of Hundred Finance’s Gnosis Chain markets, resulting in a loss of the equivalent of around $6.4m USD in user funds (calculated using asset prices at the time of the attack).
The Hundred Finance team seeks to put forward this new version of a previously raised proposal that similarly seeks to respond to the exploit on behalf of its affected users by implementing a reimbursement plan in which they and the Gnosis DAO work together to make whole those who have been adversely impacted.
Please reference the entire proposal by clicking the discussion link below.
Off-Chain Vote
For
81.54K GNO89.8%
Against
9.19K GNO10.1%
Abstain
67.54 GNO0.1%
Timeline
May 03, 2022Proposal created
May 03, 2022Proposal vote started
May 10, 2022Proposal vote ended
Oct 26, 2023Proposal updated