Executed

BIP-23: Fuse Hack Actions


Proposed by

Proposal ID

823754...7983

Proposed

Jun 17th, 2022

Result details
Final Votes

Quorum

56.78K of 0

Majority support

Yes

For

56.78K

Against

0

Abstain

0

Actions

Type

Address

Details

Custom

0xD7AA...1259

sendTreasuryETH(..)

Custom

Account

0xD7AA...1259

Method

sendTreasuryETH(..)

Proposal

Here is the plan first to update the NAV and resume withdrawals/deposits in the gardens:

  • Recoup as much collateral as possible from the fuse pool (400k)
  • Finalize the affected strategies.
  • Distribute the collateral between all the affected gardens proportionally.
  • Adjust the shares of people that deposited after the hack to have them recover at least 90% of their principal.
  • Adjust the NAV.
  • Reenable withdrawals

As soon as the proposal reaches quorum, the team will start preparing and executing actions based on its emergency powers and the emergency of the situation.

See all the details in our Discord Channel.

Final Votes

Quorum

56.78K of 0

Majority support

Yes

For

56.78K

Against

0

Abstain

0

Final Votes
Status

Fri Jun 17, 04:24 am

Draft created

Fri Jun 17, 04:22 am

Published onchain

Sat Jul 9, 06:38 am

Voting period started

Fri Jul 15, 03:22 pm

Voting period ended

Sat Jun 25, 10:44 pm

Proposal queued

Mon Jun 27, 10:44 pm

Proposal executed