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Opium NetworkOpium Networkby0x6381CFb0f98CA6481A45FF52ff20Aaf799f31377itisv.eth

Compensation structure for 1Inch ETH-OPIUM LPs

Voting ended over 4 years agoSucceeded

Liquidity providers in the 1Inch ETH-OPIUM pool never received their rewards for the month of May.

For the first two weeks of May, when LPs would ask why the rewards were not appearing in the mining page, the moderators on the Telegram channel would reply that the rewards were being counted and that they would be adding it soon to the mining page.

The program was stopped half way through the month of May without community voting or any official communication from the team.

This proposal doesn't attempt to resolve any impermanent/permanent loss incurred by the LPs, that's just to vote the format of how the amount the LPs are entitled should be delivered.

For more information please read the following thread: https://forum.opium.network/t/proposal-compensate-eth-opium-liquidity-providers-for-may

Where it says airdrop, below, it means that the team would deliver the funds directly to the LPs addresses directly, instead of deploying a Dr.Opium contract. The reason for that is to prevent LPs to have extra expenses interacting with the contract.

The Dr.Opium period was supposed to be almost finished by now, if the rewards had been placed on a Dr.Opium contract at the end of May, the charity period would be almost gone by now.

The compensation for May was supposed to be 200k $OPIUM.

Off-Chain Vote

Pay 200k $Opium via airdrop
258.38 0%
Pay 200k $Opium via Dr.Opium
1.05M 100%
Pay 100k $Opium via airdrop
0 0%
Pay 100k $Opium via Dr.Opium
0 0%
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Timeline

Aug 18, 2021Proposal created
Aug 18, 2021Proposal vote started
Aug 25, 2021Proposal vote ended
Oct 26, 2023Proposal updated