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Indexed FinanceIndexed Financeby0x000000000057E8ABd581828A2b40076852C0bA6E0x0000…bA6E

[Attack Recovery #3] What percentage of losses on affected LPs should the Indexed compensation plan cover?

Voting ended over 4 years agoSucceeded

https://forum.indexed.finance/t/proposal-compensation-mechanisms/801/9

In the aftermath of the 14th October 2021 attack on Indexed Finance, the DAO should consider what percentage of the LPs for affected tokens should be reimbursed through a compensation plan.

To be explicit, the affected tokens are/were:

  • DEFI5-X
  • CC10-X
  • FFF-X

For example, DEFI5-X includes DEFI5-WETH on Sushi and Uniswap, DEFI5-QUICK on Polygon, and DEFI5-WETH-WBTC on Arbitrum.

This vote considers all of these tokens regardless of chain (Ethereum, Polygon, Arbitrum), and serves to determine the percentage of lost assets that should be compensated, by way of quadratic voting.

If you wish to vote for - for example - 80% compensation, cast 4 votes for 100% compensation and 1 vote for 0% compensation. Similarly, to vote for 75% compensation, cast 3 votes and 1 vote respectively: whatever ratio produces the result you desire (the percentage will be shown before you submit).

This vote will run for one week to allow as many members of the DAO as possible to cast their ballots.

At the end of the week, the percentage split will be considered the DAO's agreed compensation amount for the affected tokens.

Additional votes running alongside this one determine which of the affected tokens are eligible for compensation: this vote simply determines the amount to be repaid.

Off-Chain Vote

100%
583.21K 88.5%
0%
75.82K 11.5%
Download mobile app to vote

Timeline

Oct 26, 2021Proposal created
Oct 26, 2021Proposal vote started
Nov 02, 2021Proposal vote ended
Oct 26, 2023Proposal updated