[BIP-445] Decide on direction of restitution for affected LPs in Boosted Pool Incident

[Fernando]

Thanks for contributing to this discussion Franklin!

Maybe I’m missing something in your rationale but I don’t see how what you were suggesting:

@Franklin

It looks like there’s actually two timelines being discussed here, 1. a deadline for claiming funds from a redeem contract, and 2. a hard cutoff for all claims, as in restitution is no longer possible after this date. To clarify, I would support a deadline for 1. 30 days, 60, it’s all reasonable and ultimately just an arbitrary number anyways. Leaving unclaimed funds in a redeem contract doesn’t make any sense, as you mentioned.

Is different from this:

@Franklin

I think my concern here is that not everyone is going to make a fuss, some people might just see this first BIP, see the deadline, and be like, oh, I missed it, well, I lose, gg.

In both cases people who pay attention in whatever window the DAO defines (30, 60 days) will get their funds back, if they miss it they will not.

The difference is only that in what’s being proposed the DAO knows beforehand how much will be refunded, compared to your option where all the funds lost would have to be put in a redeem contract and then the DAO would claw back an unknown amount after the deadline.

At the end of the day the DAO cannot prohibit itself from considering future claims, anyone can make a claim and ask for a vote. However this BIP passing means a directive that, unless something extraordinary is brought up, claims will be disregarded so this matter is closed and we can all move on.