[PIP-039] Victim Relief Proposal Initial Distribution

This vote is to determine the AMOUNT of funds allocated as an initial amount to be distributed among victims. You can choose between 3 options (see below).

All three of the proposals presented in the governance forum (see below) included an initial distribution to cover some of the losses incurred by the victims.

The Prisma DAO has the following funds available:

mkUSD - 1,607,415.00 POL** - 252,558.00 ULTRA/USDC LP - 395,855.00 TOTAL 2,255,828.00

** POL: Protocol Owned Liquidity, with the amount shown representing the mkUSD portion of the LP

The weekly payout to vePRISMA lockers is 80,000 mkUSD. The weekly protocol revenue, based on current numbers, is 33,503 mkUSD+ULTRA.

The protocol runs a weekly deficit of 46,497 mkUSD (80,000 - 33,503).

Dividing 2,255,828 by 46,497 means the protocol has a runway of 48 weeks to continue paying 80,000 mkUSD/week.

Some of these DAO funds will be used to pay back the victims. This vote proposes a choice of using between either 50, 40 or 30% of the fees as an initial amount to pay back the victims.

Reimburse % | Reimburse $ | Reimburse wstETH | Runway | Weeks of Runway 50% | 1,127,914.00 | 255 | 1,127,914.00 | 24 40% | 902,331.20 | 204 | 1,353,496.80 | 29 30% | 676,748.40 | 153 | 1,579,079.60 | 34

To be clear:

1. Voting to distribute 50% of the DAO funds means the protocol has 24 weeks of funds left at the current vePRISMA reward level.
2. Voting to distribute 40% of the DAO funds means the protocol has 29 weeks of funds left at the current vePRISMA reward level.
3. Voting to distribute 30% of the DAO funds means the protocol has 34 weeks of funds left at the current vePRISMA reward level.

Governance proposals https://gov.prismafinance.com/t/prfc-victim-repayment-plan/171/22 https://gov.prismafinance.com/t/prfc-victim-relief-proposal-v2/180/25 https://gov.prismafinance.com/t/prfc-victim-relief-proposal-v3/189/27