[RFC] Linear pool hack restitution

Thank you for everyone who participated in this conversation. A resuling BIP proposing a 75% payback in BAL to affected users has been posted here: [link pending once BIP posted]

Here is the reasoning that was used to choose 75%:

1: Beyond the options in the poll, the primary other option that people thought should be considered was 0, or no restitution. A rejection of this BIP has the same functional effect while not blocking further governance. There was not strong support for other options or ways of thinking about this.

2: Almost all poll particpants were known members of the Balancer Community and/or users affected by the hack (no sybil) and 75% polled with more individual votes than 100%.

3: The poll participants represented a significant portion of veBAL:

  • @humpydumpy007 is the largest individual veBAL holder who voted 75%. He was joined by a couple of other delegates who control more than 100k veBAL.
  • @jameskbh is the only delegate who voted for 100% who carries substantial vote weight. Given an understanding of the current state of Balancer governance, it is clear that more veBAL is supporting 75% than 100%.
  • It is worth noting that @karpatkey expressed an opinoin in the discussion for 100% without voting in the poll, and also carries significant vote weight, however it still seems like the 75%'s have it.

For that reason it is clear that 75% is the preferred choose based on this RFC and was used for the BIP.

  • More individuals selected the 75% option to the 25% option.
  • A number of major HODLers or delegates polled on both sides
    • @humpydumpy007 and a number of other sizeable delegates choosing 75%,
    • @jameskbh was the only delegate with real vote weight choosing 100% .

Anyone who disagrees with this assessment is welcome to comment in the BIP post linked above, which is still open for feedback until next week and/or to vote against this specific implementation of restitution.

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