A Path Forward

The purpose of this vote is for the community to chart a path forward. Over the last few weeks, the community has been engaged in an intense discussion on what the best next steps are for the protocol and how we should go about them. Everything from going forward as planned too dissolving the protocol entirely were discussed at length. This vote is the distilled version of these discussions.

The migration from Boba to Avalanche was complete on April 13th, however, there was an error with the migration that effected nearly everyone coming over from Boba. Therefore, the community has chosen to use SENPAI and BUNNY to conduct this vote. At the same time, using SENPAI and BUNNY and not Ensō’s native WABI token to vote on weather to unwind the protocol was decided to be unfair, as many new people had come to the protocol since it’s launch (some locking their tokens for 4 years as SABI) and it would be entirely unfair for them to not have a say on something so vital to the protocol. 



Therefore, the community decided that a vote between these two options would be in the best interest of the community members coming over from Senpai while at the same time not having a negative impact on the new Ensō community members. The discussion came to be centered on whether or not to use the funds allocated by the community in a pervious governance vote to compensate community members who were effected during the migration. 



Option 1: 

Proceed exactly as planned in the medium and do not unwind any of the development funds. Continually distribute the WABI the LP address accumulates to community members who were present at the Snapshot until their balance is rectified.



Option 2: 

Unwind 50% of the funds that the community allocated for further development and operations of the protocol and distribute them to community members from the snapshot list depending on how much of the circulating supply those community members owned. 

In this way the community members from Senpai get what they are owed (50% of the dev funds is over 1M USD and the LP that was migrated was roughly 980K USD + they get to keep the WABI they were given) and it will not have a negative impact on the new community members.