RGP-10: Reimbursement for USDC Depositors

Voting ended almost 4 years agoSucceeded

Last Friday at approximately 11:10am UTC, the auction for the ETH Put Selling vault (denominated in USDC) settled. However, because of a bug in our Auction Frontend, many market-makers were unable to participate in the auction. Because of this, there were very few bids on the auction, and it settled at a much lower price compared to “market price”.

This proposal proposes reimbursing our users with the difference between the auction settlement price and the “market price”, for a total of $183,164.94.

To see more details, please read this post: https://gov.ribbon.finance/t/rgp-10-reimbursement-for-usdc-depositors/504

Off-Chain Vote

Yes

2.6M 65.7%

1.36M 34.3%

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Timeline

Feb 20, 2022Proposal created

Feb 20, 2022Proposal vote started

Feb 22, 2022Proposal vote ended

Oct 26, 2023Proposal updated