Compensating DIA-impacted users

Voting ended about 2 years agoSucceeded

You are voting to compensate three users whose GRAIL-backed loans got liquidated due to GRAIL/USD DIA price feed misreporting the value of GRAIL. For context, please read the full report published on the Discussion link.

While SiloDAO doesn't bear any responsibility for the malfunctioning of oracles, as stipulated by Silo's terms of use and communicated in the lending app's UI, we put forth this proposal to all token holders to vote either for compensating users or against it.

For: Yes - compensate Against: No - do NOT compensate

Compensation plan:

Total compensation value: 285,348 SILO, estimated at $21K
Method: Hedgy vesting plan for 4 weeks with weekly unlock
Admin: Team safe arb1:0x80071b39aA896aa12240c5194E42661D671bDFB2 Find all the details here: https://docs.google.com/spreadsheets/d/1trSzQmPQDFC8TDN6N_DDdX9EHwBBIfBzsXI95IDrTf4/edit#gid=0

AS WE ADVANCE: IF YOU EXPECT COMPENSATION FOR LOST FUNDS DUE TO ORACLES MISREPORTING DATA, OR THE FAILURE OF ANY 3RD-PARTY SERVICE, WE ASK YOU TO WITHDRAW YOUR FUNDS FROM THE PROTOCOL IMMEDIATELY.

Off-Chain Vote

For

23.33M SILO38.9%

Against

36.57M SILO61.1%

Quorum:599%

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Timeline

Nov 30, 2023Proposal created

Nov 30, 2023Proposal vote started

Dec 03, 2023Proposal vote ended

Dec 03, 2023Proposal updated