Putting together this proposal was incredibly difficult and complex. The methodology has to be fair to all across the board and not on a case-by-case basis.
I outlined the events in my last post. It’s impossible to compensate people on a case-by-case basis because any claim will have to be ratified by the DAO. But the methodology outlined below is what I believe to be fair.
For those who lost due to setting the initial pool incorrectly
For everyone who traded until liquidity was added to the weth-agve pair
Between pulling the liquidity from the
HNY/AGVE pool and creating the
WETH/AGVE pool, there remains a 55
HNY surplus in the Agave DAO. An additional 400
AGVE would also be allocated to boost the compensation. Those who are determined to be at a loss will have a share of this 55
HNY and 200
Additionally, anyone who traded AGVE up until the second pool was opened will also share an additional 200
- users who bought above 50$ (in the first pool before the liquidity was pulled) and could not sell with a gain or breaking even.
- share of the compensation is calculated by taking the difference between what you bought and sold
- we then sum the total losses and allocate a share of
HNYand 200 `AGVE
There is also an additional 200 AGVE that will be split between everyone who traded before the liquidity was reintroduced to the new pair WETH-AGVE.
- Excluded from the list are accounts identified as trading bots and the liquidity pools themselves
- Retributions Tab: Trading activity for participating accounts
- Payout Tab: Simplified list of accounts and amounts to be paid
Again, this is not perfect. But I encourage everyone to read the supporting documents and share their thoughts and opinions. I also think it will be helpful for other proposals on how to move forward. This proposal should include methodology and the amounts due to be paid out.
Lastly, I would like to thank everyone for their patience over the last week and for contributing to the discussion. As I have mentioned before, governance is not simply the act of voting. The shaping of the conversations is also significant.
special thanks to @luigy for putting in so much effort, collecting the data in this proposal
The first votes are live. check out this thread for an explanation of what the votes do