Goodwill: CTRL for those redeeming
Vote for how to handle distribution of CTRL for those leaving the protocol.
Option 1: No CTRL distributed to those leaving.
Option 2: Redeemed value * 1% (.01) new CTRL value in V2
Option 3: Redeemed value * 5% (.05) new CTRL value in V2
Option 4: Redeemed value * 10% (.1) new CTRL value in V2
Example: We currently have 1,000,000 in the ideafund, if 500,000 redeems and 500,000 remains for V2. If we voted for option 2 the math would be the following.
500,000 in V2 Value = 99% of the CTRL ownership 500,000 in Redeemed Value = 1% of the CTRL ownership
Total CTRL outstanding would be 505,000 worth of CTRL with only 500,000 in the bank.
Same scenario and we vote for option 4 the math would be the following.
500,000 in V2 Value = 90% of the CTRL ownership 500,000 in Redeemed value = 10% of the CTRL ownership
Total CTRL outstanding would be 550,000 worth of CTRL with only 500,000 in the bank.
Off-Chain Vote
No Value
0.23 15%
1% Value
0.72 46%
5% Value
0.06 3.9%
10% Value
0.55 35.1%
Timeline
Jul 20, 2021Proposal created
Jul 20, 2021Proposal vote started
Jul 27, 2021Proposal vote ended
Oct 26, 2023Proposal updated