Proposal for Compensation of Flash Crash April 2021
Overview
The community has initiated a vote for the compensation of traders affected by the flash crash that occurred on the ETH-USDC market.
For further discussion and details please refer to: https://gov.perp.fi/t/proposal-for-compensation-for-flash-crash-of-18th-april/419?u=tongnk
Outcomes have been selected by the community and as follows.
Outcomes
- For: compensate affected traders with the margin that was lost as at liquidation, paid out in PERP and vested for 6 months linearly
- Against: no compensation
Off-Chain Vote
For
113.63K 10.9%
Against
924.8K 89.1%
Timeline
Apr 25, 2021Proposal created
Apr 25, 2021Proposal vote started
Apr 28, 2021Proposal vote ended
Oct 26, 2023Proposal updated