[BIP-319] Distribute proceeds from bb-e-usd permissioned arbitrage

Payload PR

TL;DR

  • The proceeds from the bb-e-usd arbitrage described in BIP-299 will be airdropped to anyone with a claim worth over $10.
  • The airdrop will be a direct ERC-20 transfer, if your wallet is on the list below, make sure you can still access funds sent there.
  • This BIP will be voted on in 1 weeks time and then promptly executed, at which point no changes will be possible.

Background

Following Governance Approval of BIP-299 the Balancer DAO Multisig executed the following transaction, which recovered a total of 155,590.14 USDC and 162,006.45 DAI. Note that less than the amount projected in the original BIP text was recovered as a number of addresses withdrew between the time the simulation was run for the BIP and the block the arbitrage was run.

A total of 53 wallets are still holding tokens that would give them claims to the proceeds from this arbitrage. 14 of these wallets are due over $10 USD, which is less than the gas costs to withdraw following the emergency withdraw guidelines.

This BIP proposes the direct transfer (airdrop) of USDC and DAI to each wallet that is due over $10.

Details

The details below were pulled from the following analysis: Google Colab

The following addresses have over $10 in USD tokens due:

user DAI USDC USDT Total
0xab4ae477899fd61b27744b4debe8990c66c81c22 152911.844410 146838.233933 0.000000 299750.078344
0x49a2dcc237a65cc1f412ed47e0594602f6141936 7112.874538 6830.353393 0.000000 13943.227931
0x8061199a31983a077e691c08b2263a4cf5c24093 1068.372673 1025.937246 0.000000 2094.309918
0x701902858a6a9b6f36603244622732d9ec57a82a 514.376931 493.946040 0.000000 1008.322971
0xbc20ddb5fcc8920e0f74fcb29b4981d802fef881 188.128264 180.655868 0.000000 368.784132
0xf05f5d4ad1b3fd5ad57ba5ca386d0db2e8b317aa 85.708808 82.304481 0.000000 168.013289
0x356226e2f6d49749fd5f0fa5656acf86b20f3485 50.216955 2.931532 0.000000 53.148487
0xf8cde0c8b13de793ad9597713a05f9fe9730af01 17.963995 17.250471 0.000000 35.214465
0xcf4ff1e03830d692f52eb094c52a5a6a2181ab3f 0.102857 32.923814 0.000000 33.026671
0xec576a26335de1c360d2fc9a68cba6ba37af4a13 0.000000 29.868606 0.000000 29.868606
0x9008d19f58aabd9ed0d60971565aa8510560ab41 13.238436 12.712609 0.000000 25.951045
0x854b004700885a61107b458f11ecc169a019b764 11.825166 10.172350 0.000000 21.997516
0x2e9c7a211dec8209762b0a2665ce387286479c56 10.081509 9.681074 0.000000 19.762583
0x027917095a4d4964eff7280676f405126bf9a6b5 5.372086 5.158709 0.000000 10.530795

The following addresses have less than $10 due and will not be transferred funds

user DAI USDC USDT Total
0x22cd4027b8af39de8eb8809588a60b8ef067ef76 3.970741 3.813024 0.000000 7.783765
0xdf330ccb1d8fe97d176850bc127d0101cbe4e932 2.560983 2.459262 0.000000 5.020245
0xb6d844e2529bc79a444662aa55f72aca08fd8f54 1.860239 1.786351 0.000000 3.646591
0xa2bf60058c0657c45fdd1741220b4a7f0da91ca3 1.794371 1.723100 0.000000 3.517471
0xf59b324cb65258dc52b5db8ac4f991286603b7e1 1.742213 1.673013 0.000000 3.415226
0x5dcc7ddd14112d79ee047f7c37cc581291b2c0c1 1.714963 1.646845 0.000000 3.361808
0xd65979f15cfb52e9a6a4f8dea34c69c1568ea4a8 0.000000 2.323003 0.000000 2.323003
0x8fe3a2a5ae6baa201c26fc7830eb713f33d6b313 1.159529 1.113473 0.000000 2.273002
0xb1f881f47bab744e7283851bc090baa626df931d 0.950983 0.913210 0.000000 1.864193
0x03c2bfd2509de9b13d0124015077e100a292336d 0.217027 0.208407 0.000000 0.425434
0xb0bababe78a9be0810fadf99dd2ed31ed12568be 0.184067 0.173210 0.000000 0.357277
0x2064dd25d709d6a00914de17ddf89ba1cc967d7b 0.128425 0.123324 0.000000 0.251749
0xf6c75d85ef66d57339f859247c38f8f47133bd39 0.026357 0.025310 0.000000 0.051667
0x19d50766c78a75f80bf2bd33b51e9baa26882a6f 0.018130 0.017410 0.000000 0.035540
0x4870525eae23fceb31df613d179ef6275e1b93a9 0.005142 0.004938 0.000000 0.010079
0xce88686553686da562ce7cea497ce749da109f9f 0.004573 0.004433 0.000000 0.009006
0x73076d73b3dcf783d93ae2a449b0ab56184a6e35 0.003059 0.002938 0.000000 0.005997
0x000000000dfde7deaf24138722987c9a6991e2d4 0.000001 0.000001 0.000000 0.000002
0x30a123cbf79fdb6ac10556b20531545de0da652b 0.000000 0.000000 0.000000 0.000000
0x617fe891e67dbfee720e929a2cc200d2548b0e45 0.000000 0.000000 0.000000 0.000000
0x3d460eedc8c03e1efff7bccadc7113ca42f1c63c 0.000000 0.000000 0.000000 0.000000
0x40bf6afea1cffdf9c228c2624c9b3ae2c08972a1 0.000000 0.000000 0.000000 0.000000
0x42d02f4cd48bdac116b7e3a4895f586777948fae 0.000000 0.000000 0.000000 0.000000
0xeceda45ad3c57681c7e49b47072a014df54ee659 0.000000 0.000000 0.000000 0.000000
0x06cecfbac34101ae41c88ebc2450f8602b3d164b 0.000000 0.000000 0.000000 0.000000
0xea13f4d577daa2a6025fa92773d1c9d85cacf423 0.000000 0.000000 0.000000 0.000000
0xe5350e927b904fdb4d2af55c566e269bb3df1941 0.000000 0.000000 0.000000 0.000000
0xe495d8c21bb0c4ab9a627627a4016df40c6daa74 0.000000 0.000000 0.000000 0.000000
0x36cc7b13029b5dee4034745fb4f24034f3f2ffc6 0.000000 0.000000 0.000000 0.000000
0x9e406b2c2021966f3983e899643609c45e3bbffe 0.000000 0.000000 0.000000 0.000000
0x6538d3d3737b653bc7ca4f1061e6e0a1dfd8f3af 0.000000 0.000000 0.000000 0.000000
0x0719b721cd95b64419ac9bb85e172a54f2f34837 0.000000 0.000000 0.000000 0.000000
0x781814773609d820ab3fff2f21624d93e9b4784a 0.000000 0.000000 0.000000 0.000000
0xcaab2680d81df6b3e2ece585bb45cee97bf30cd7 0.000000 0.000000 0.000000 0.000000
0xbca4d68be543dcefb1a8bccb519503f9ba3f2026 0.000000 0.000000 0.000000 0.000000
0x15977e15d7b24c76f94d2902970e0f0eedd78618 0.000000 0.000000 0.000000 0.000000
0xb97f255b37eef7d47dbe1debbecd1f2ecfc37abe 0.000000 0.000000 0.000000 0.000000
0x1ced4e3900c73a54ed775ef2740a4e38ac5b54e2 0.000000 0.000000 0.000000 0.000000
0xd83b065e0528922257c5c3b18d08d0f81e42bbcf 0.000000 0.000000 0.000000 0.000000

Summary of payments

In total $317562.23 of $317596, will be paid out, with a around 34 dollars in dust being left in the DAO treasury.

Remapping of funds

Inverse Finance 0xab4ae477899fd61b27744b4debe8990c66c81c22 has requested that their portion of the proceeds are sent to their treasury at 0x9D5Df30F475CEA915b1ed4C0CCa59255C897b61B.

The following validation methods were provided by inverse:

Chair of: 0xab4ae477899fd61b27744b4debe8990c66c81c22 is multisig: 0x8F97cCA30Dbe80e7a8B462F1dD1a51C32accDfC8

Chair role is controller in terms of contractions and expansions

Check the signers of this multisig, all the signers of our Treasury management multisig are also signers on the Fed Chair multisig

Treasury management multisig: 0x9D5Df30F475CEA915b1ed4C0CCa59255C897b61B

Further the deployer of 0xab4ae477899fd61b27744b4debe8990c66c81c22 has issued the following on-chain message requesting the redirection: Ethereum Transaction Hash (Txhash) Details | Etherscan

Specification

If this BIP is approved, the csv file included in the Payload PR linked at the top of this document will be loaded into the CSV Airdrop Tool of gnosis-safe on the DAO multisig eth:0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f and executed. The requested substitutions are reflected in the CSV data:

Here is the CSV data in text form for record.

token_type,token_address,receiver,amount,id
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0x9D5Df30F475CEA915b1ed4C0CCa59255C897b61B,152911.8444,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0x49a2dcc237a65cc1f412ed47e0594602f6141936,7112.874538,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0x8061199a31983a077e691c08b2263a4cf5c24093,1068.372673,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0x701902858a6a9b6f36603244622732d9ec57a82a,514.3769307,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0xbc20ddb5fcc8920e0f74fcb29b4981d802fef881,188.1282639,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0xf05f5d4ad1b3fd5ad57ba5ca386d0db2e8b317aa,85.70880817,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0x356226e2f6d49749fd5f0fa5656acf86b20f3485,50.21695532,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0xf8cde0c8b13de793ad9597713a05f9fe9730af01,17.96399479,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0xcf4ff1e03830d692f52eb094c52a5a6a2181ab3f,0.1028568861,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0x9008d19f58aabd9ed0d60971565aa8510560ab41,13.23843593,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0x854b004700885a61107b458f11ecc169a019b764,11.82516575,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0x2e9c7a211dec8209762b0a2665ce387286479c56,10.08150865,
erc20,0x6b175474e89094c44da98b954eedeac495271d0f,0x027917095a4d4964eff7280676f405126bf9a6b5,5.372086472,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0x9D5Df30F475CEA915b1ed4C0CCa59255C897b61B,146838.2339,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0x49a2dcc237a65cc1f412ed47e0594602f6141936,6830.353393,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0x8061199a31983a077e691c08b2263a4cf5c24093,1025.937246,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0x701902858a6a9b6f36603244622732d9ec57a82a,493.9460404,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0xbc20ddb5fcc8920e0f74fcb29b4981d802fef881,180.6558683,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0xf05f5d4ad1b3fd5ad57ba5ca386d0db2e8b317aa,82.30448121,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0x356226e2f6d49749fd5f0fa5656acf86b20f3485,2.931531566,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0xf8cde0c8b13de793ad9597713a05f9fe9730af01,17.25047056,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0xcf4ff1e03830d692f52eb094c52a5a6a2181ab3f,32.9238143,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0xec576a26335de1c360d2fc9a68cba6ba37af4a13,29.86860648,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0x9008d19f58aabd9ed0d60971565aa8510560ab41,12.71260941,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0x854b004700885a61107b458f11ecc169a019b764,10.17235011,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0x2e9c7a211dec8209762b0a2665ce387286479c56,9.681074292,
erc20,0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48,0x027917095a4d4964eff7280676f405126bf9a6b5,5.158708883,
8 Likes

https://snapshot.org/#/balancer.eth/proposal/0xce6c4955c29bbf85da44d70588a73c1da01125deaa19bef96bb94c88718f64b9

Payout transaction: Ethereum Transaction Hash (Txhash) Details | Etherscan

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