Lista DAO (@lista_dao): LIP 023 - Supplier Liquidation Profit Redistribution Proposal for the Re7 USD1 Vault
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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: https://t.co/FsWQYIRNIj 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.