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

inSure DeFi Ecosystem has the community voted and approved eligibility criteria for:

1. Drastic Devaluations
2. Stolen Funds
3. Scams

For the plan to be applicable to "Drastic Devaluation" events, the token/coins must be held in his/her wallet, and the value of the token must devaluate more than 98% (from the deposit date + 7 days). https://snapshot.org/#/insuretoken.eth/proposal/0x6f13ce74c7d2190090818d5c853973f60601e7ddbaacff75c2596765c9b117bf

These criteria are set by the community to make sure members don't take unnecessary risks of not self-custody their own assets. All the members must follow the community-approved criteria for the claim to be covered by the inSure DeFi Ecosystem.

From the on-chain transactions, it is visible that the member didn't hold the tokens in his/her wallet: https://etherscan.io/address/0x8a8a4e4b6075083e545402817c6d6b7bf16887e6

I.e. the claim doesn't meet the eligibility criteria set by the community.

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[Below is the copy of the previous ticket]:

Here are the two transactions of USDC to my wallet which contained the tokens that I 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:

with tick:

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.