Summary

Following LIP 022, a total of 481,801.15 USD1 in liquidation profit was automatically collected by Lista DAO’s wallet after executing a forced liquidation on the USDX/USD1 market, curated by Re7 Labs. While $3M was recovered immediately after liquidation, part of the Vault suppliers still experienced blocked withdrawals. To support these suppliers, Lista DAO proposes to return the liquidation profit to affected suppliers. Snapshots of Vault LP holdings will be taken immediately after the voting period concludes, and the Lista team will initiate the return process accordingly.

Proposed Plan

The plan involves returning the 481,801.15 USD1 liquidation profit to affected Vault suppliers. The funds will be sent to a redeem contract and enable the Vault LP token holders to claim. A snapshot of the LP tokens will be taken immediately after the voting period, and only the addresses holding the LP tokens within the snapshot can claim upon redemption of the LP tokens.

Voting

This proposal aims to return the 481,801.15 USD1 liquidation profit to help affected suppliers who aren’t able to withdraw.

YES: Return the 481,801.15 USD1 liquidation profit pro rata with position size. A snapshot of Vault LP holdings will be taken immediately after the voting period, addresses within the snapshot will be able to claim their share based on the portion of LP tokens they hold. Lista team reserves the final right of interpretation for the redistribution.

NO: Reject the liquidation profit return.

Once voting is completed, the Lista team will proceed with the execution. Your participation is vital in supporting Vault suppliers and safeguarding their rights.