SIP 35.2 - sgETH markdown
SIP 35.2 - sgETH markdown
Renumeration / markdown for sgETH stakers
The exploit caused a loss of 100E from sgETH.
Of this 34E was user deposits.
This vote seeks to get community consensus on marking down the sgETH loss or compensating users.
Marking down some or all of these user sgETH losses leaves more funds for the audit and vETH2 redemptions.
The largest sgETH holder has graciously suggested a 10% markdown.
Options
A. 10% markdown - sgETH stakers will receive 90% of their staked value back
B. 0% markdown - sgETH stakers will receive 100% of their staked value back
C. 100% markdown - sgETH stakers receive nothing
Off-Chain Vote
10% - sgETH Stakers get 90% back
10.95M veSGT66.5%
0% - sgETH Stakers get 100% back
5.52M veSGT33.5%
100% - sgETH stakers get nothing
0 veSGT0%
Quorum:32926276%
Timeline
Oct 25, 2023Proposal created
Oct 25, 2023Proposal vote started
Oct 30, 2023Proposal vote ended
Oct 30, 2023Proposal updated