LIP 023 - Supplier Liquidation Profit Redistribution Proposal for the Re7 USD1 Vault
Following LIP 022, a total of $481,801.15 USD1 in liquidation profit was collected by Lista DAO's wallet after the forced liquidation of the USDX/USD1 market curated by @Re7Labs.
The plan involves returning the 481,801.15 USD1 liquidation profit to affected Vault suppliers. The funds will be sent to a redeem contract and enable the Vault LP token holders to claim. A snapshot of the LP tokens will be taken immediately after the voting period, and only the addresses holding the LP tokens within the snapshot can claim upon redemption of the LP tokens.
Vote Now:
Voting Period: Nov 12 ~ Nov 15 4:13PM UTC+8
YES: Return the 481,801.15 USD1 liquidation profit pro rata with position size. A snapshot of Vault LP holdings will be taken immediately after the voting period, addresses within the snapshot will be able to claim their share based on the portion of LP tokens they hold. Lista team reserves the final right of interpretation for the redistribution.
NO: Reject liquidation profit return.
11.99K
22
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.