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inSure DeFiinSure DeFiby0x8A8a4e4b6075083E545402817c6d6b7Bf16887E60x8A8a…87E6

Follow-up on: inSure DeFi - Insurance Claim - USDC

Voting ended about 3 years agoFailed

Here are the two transactions of USDC to my wallet which contained the tokens that I have later deposited to the DaoMaker platform:

https://etherscan.io/tx/0x7963eb10eefe19902f015b08d2d5826f1f282707ce22384172a6afc6342659af

https://etherscan.io/tx/0x01636ca7e1fd9347c702ce30112a6b8b81a96e6c980d19e4c1fb0fb09c56ddd3

Remark: I have deposited USDC on the DaoMaker platform. Then, the funds have been converted to wrapped UST by DaoMaker’s smart contract.

These wrapped UST (aUST) are still held in the smart contract which is not accessible anymore. Check the smart contract on Etherscan: https://etherscan.io/address/0xc6aa04d4e3507ec147ffe021a0899a4727a30349#tokentxns See the balance -> Contract Overview -> Tokens:

  • it is 179,919 aUST 
Also pay attention to the „Contract“ tab. If a smart contract is verified and running there will be a green tick.

no tick:

notick.png

with tick:

tick.png

There is no way for me to withdraw aUST from the smart contract to my wallet. Even if the smart contract was still accessible, it would not work, because depositors were never supposed to receive aUST. If it was still working, the smart contract would use Anchor protocol in order to convert aUST to USDC and the depositors would receive back USDC and not aUST.

In this situation it is not possible for me to send the devaluated tokens (aUST) to the community wallet. Also, in a previous snapshot I have added screenshots of the DaoMaker support in which they’ve confirmed, that they are not able to send the worthless aUST to my wallet.

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Timeline

Dec 01, 2022Proposal created
Dec 01, 2022Proposal vote started
Dec 04, 2022Proposal vote ended
Oct 26, 2023Proposal updated