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Inverse FinanceInverse Financeby0x7165ac4008c3603AfE432787419eB61B3a2CEe8Berrorrorre.eth

Should the Inverse Finance DAO seize tokens from inactive INV holders?

Voting ended almost 5 years agoSucceeded

Since the beginning it has been made clear by our founder, Nour, that there shall be no ‘free riders’. At least while INV is not tradable, holders are expected to participate. Doing so means they are ‘active’.

To be considered ‘ACTIVE’, INV holders must have performed at least one of the following actions using their INV wallet address within the period from when they received their INV tokens to 10 days from the end of this vote:

  • Voted, OR
  • Delegated their vote, OR
  • Deposited into one of the IF vaults at least once, OR
  • Whitelisted themselves by voting once via Snapshot (free, works with hardware wallets)

10 days after this vote passes, holders that haven’t done at least one of the above actions will be identified as eligible to have their tokens seized. A proposal and on-chain vote will follow to execute the action.

Communication to convey these terms shall be via Twitter, Discord, and Telegram. Once, after the vote passes, at the midpoint, and then roughly 24 then 8 hours before the 10 day period ends.

Poll options:

Yes - Seize No - Don’t seize

Off-Chain Vote

Seize
18.2K 91.5%
Don't seize
1.68K 8.5%
Download mobile app to vote

Timeline

Feb 06, 2021Proposal created
Feb 06, 2021Proposal vote started
Feb 08, 2021Proposal vote ended
Oct 26, 2023Proposal updated