PERP Buyback to Support Affected v1 Users and Boost User Confidence

V1 was shut down May 15 and remaining funds sent to users . Under the winning option (op2) of the v1 sunsetting vote, most users were properly compensated. However, a group of users still took a major loss despite using low leverage. While it was clear that using v1 had risks, we feel it is only right to do something for these users, especially if an option exists that can benefit all Perp community members as well as having a far reaching implication for the entire Crypto community on its path to regain user confidence and reignite the excitement of DeFi! Please review the full proposal and place your vote!

Full proposal: https://gov.perp.fi/t/perp-buyback-to-support-affected-v1-users-and-boost-user-confidence-to-prepare-for-the-bull-run-of-perp/853

Short Summary: The proposal uses a portion of the treasury fee income to buy back PERP over the years to compensate affected v1 users.

The fund is coming from the treasury fee income, thus it will NOT affect the LPs/insurance fund/stake rewards.

Benefits:

• Regular monthly price boost to PERP.
• Unclaimed PERP will be burnt to further boost PERP price
• This tells the rest of the crypto community that Perpetual Protocol is indeed honoring its documentation to compensate affected users with PERP.
• Adding tremendous credibility to the Perpetual Protocol platform.
• Align interest of the affected users with PERP holders, so they can spread positive news rather than negatives.
• Reinvigorate user confidence to both the Perpetual Protocol as well as the Crypto community as a whole.
• The return of users confidence will likely result in further price increase of PERP.
• The PERP price increase will likely prompt prospective investors on the side line to put more money to buy PERP (i.e. BULL run!)

All in all, this is a win-win solution to both PERP holders and the affected v1 users, and it could have a far reaching implication for the entire Crypto community on its path to regain user confidence and reignite the excitement of DeFi!.

Vote Options:

Option A: Use 17.5% monthly treasury fee income to buy back PERP over the years to cover all op4>op2 users, for their op4-op2 amount.($3.59M), pro rata to compensation amount.

Option B: Use 25% monthly treasury fee income to buy back PERP over the years to cover all remaining users who did not benefit from op2, for the amount of (MAX(all options) - op2). ($5.2M) , pro rata to compensation amount.

Option C: Use 40% monthly treasury fee income to buy back PERP over the years to cover all remaining users with 100% full compensation. ($34.08M). Use even distribution among the affected addresses so that small size users get paid off faster in accordance to the spirit of op2.

Option D: Do not compensate.