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Indexed FinanceIndexed Financeby0x000000000057E8ABd581828A2b40076852C0bA6E0x0000…bA6E

[Attack Recovery #1] Should the dNDX program be terminated or have its revenue amount adjusted?

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 whether or not the dNDX staking program - which would have been fully live by this point had the attack not happened - should be terminated, or have the amount of protocol revenue routed to stakers of the NDX token reduced from 60% in order to route revenue towards a recovery mechanism for the affected.

The available options in terms of revenue distributed to stakers are:

  • Terminate [0%, all staked NDX unlocked and free to withdraw]
  • Continue As Is [60%, as initially planned]
  • Continue, But Halved [30%, requires seller contract redeploy]
  • Continue, Other [?%, requires a subsequent vote to decide]

This is a single-choice vote, which will run for one week to as many members of the DAO as possible to cast their ballots. The option with the most votes at the end of this week will be adopted.

Off-Chain Vote

Terminate [0%]
11.21K 2.8%
Continue As-Is [60%]
24.77K 6.1%
Continue, Halved [30%]
369.1K 91.1%
Continue, Other [?]
300 0.1%
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Timeline

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