Direct a % of protocol fees toward users effected from the Terra situation.

The aim of this proposal is to establish an initial % of protocol fees earned from borrowed assets on Green Planet, to direct toward users affected by the Terra situation.

What percentage of fees? 5% of protocol fees generated on Green Planet (on borrowed assets)

When would this start? If this proposal were to pass things would start immediately once the new markets are launched for Green Planet. Which will happen very soon as well. They're undergoing final testing now.

What will it be paid in? It will be paid BUSD. So fees generated on Green Planet that will direct towards this, will get converted into BUSD and will be claimable by affected wallets.

What wallets qualify? All wallets that have supplied assets that are not payed back due to the shortfall. So for example, if you supplied BUSD, and are unable to withdraw it due to there being no liquidity you would qualify.

We'll be releasing a public link with wallet addresses and their affected balances so that anyone can track this.

If this were to pass is the 5% fixed? It would remain at 5% unless someone were to create a qualifying proposal with adjustments that successfully passed.

How will affected wallets claim their share of the payouts? There will be a vault on planet.finance/vaults where at least once per week, money will be sent to a contract where all affected wallets will see a claimable balance update. This will be evenly distributed based on a wallet's share of the total shortfall.

What else is happening? We're still in active discussions with some groups to see if we can do something to help a majority of the affected users quickly. We don't have an update on this right now, but will share details as soon as there's an update.