0x724f…d02f

All memos sent from and to 0x724f…d02f.

# Refund Gas Fees For Inverse Finance Operations Since inception Nour has personally covered gas fees for DCA Vaults harvester and Anchor protocol deployer. The amount spent on gas to date is $21,034.13. Harvester (https://app.zerion.io/0x237e332ae87e749ea763ca1aacf87894c3180911/history) Deployer (https://app.zerion.io/0x3fcb35a1cbfb6007f9bc638d388958bc4550cb28/history) This proposal sets an allowance to the value of 21,000 DAI to be drawn down by the deployer to reimburse the gas expenditure.
# Distribute non-transferrable INV rewards for DOLA-ETH Uniswap Pool LPs This proposal will incentivize liquidity providers for participating in the DOLA-ETH Uniswap Pool (https://info.uniswap.org/pair/0xecfbe9b182f6477a93065c1c11271232147838e5). The reward period is 2 weeks long and a total of 1250 INV (non-transferrable) will be distributed to liquidity providers.
seize(address,uint256)# Seize INV from Inactive Addresses (2 of 2) PROPOSAL Seize the INV tokens of fully inactive addresses and transfer them to the DAO for later use. DESCRIPTION Active addresses (or members) are defined by having participated to the DAO in at least one of the following ways : 1. Delegated votes to an address including their own address 2. Voted a minimum of one time (either on-chain or on the two snapshots preceding this proposal [2]) 3. Deposited in any of the Inverse.finance vaults Conversely, inactive addresses are addresses who have not performed any of the actions cited above. The list of fully inactive addresses as determined by auditing the full set of original INV holders against the actions above is appended to this proposal [3]. RATIONALE Inverse Finance initially required an in-depth application to be included in the DAO. The core part of this process was hinged on user involvement. In other words, Inverse has made it abundently clear from the very start that it sought to exclude “freeloaders” or fully passive members [1]. In fact, the original distribution of INV could also be thought of as the first “Roll Call”. Inverse Finance’s definition of “contribution” is also very generous and extensive. Therefore, at this point in time, it is safe to assume that fully inactive members are not interested in being part of the DAO anymore. However, these few idle members were granted a final chance to signal their interest in being part of the DAO by voting in a roll call on Snapshot (and not on-chain) for maximum participation and accessibility. . ACTIONS 1. Conduct Snapshot (gasless and off-chain) votes for this proposal lasting exactly 10 days (240 hours) to allow holders to identify themselves as active. - DONE [2] 2. Create a formal on-chain proposal containing the code to transfer the INV of fully inactive members to the DAO. Technically, these addresses would be the addresses cited below that did not take part in the Snapshot vote, or any of the actions lised in the DESCRIPTION. 3. Seize the tokens of fully inactive addresses and mint the tokens into the INV treasury. NOTE: Two proposals are required to fully seize the tokens as the proposal structure supports a maximum of 19 actions. Both proposals will be posted simultaneously. . OUTCOMES After execution of both proposals 2560 INV is freed for later use by the DAO. It can be used to give to new, active members or to reward current active members for their participation. Most importantly, INV transfers (and trades) can be enabled with the assurance that only active DAO members are holding it. In conclusion, the Seize will provide a clean slate of active DAO members to keep building Inverse Finance. ---- [1] See tweets : https://twitter.com/InverseFinance/status/1340699906072297474, https://twitter.com/InverseFinance/status/1340682301156564992, https://twitter.com/InverseFinance/status/1340677428830744577, https://twitter.com/InverseFinance/status/1340690620235608066, https://twitter.com/InverseFinance/status/1340691250178109440. [2] See: https://snapshot.page/#/inversefinance.eth/proposal/QmYJqfhA1u8xrWgZAm8wrxViUGnXdp2nJBmXSy2d5UWz1m and https://snapshot.page/#/inversefinance.eth/proposal/QmPXFNwtrEtEwaF7VEqZhTx27yL6DhvUJHkw3VhPPLQfqu . [3] As per https://github.com/InverseFinance/witch-hunt/blob/main/seize.csv
# Apply a fee of 10% on yield generated by the DCA Vaults Each vault has a configurable fee that is applied during harvest upon the global yield of the vault. The fee for all vaults is currently 0%. This proposal changes the fee to 10% for all vaults: DAI-ETH, DAI-YFI, DAI-WBTC, and USDC-ETH. The fees collected (in DAI) will be sent to the Inverse Finance treasury (0x926dF14a23BE491164dCF93f4c468A50ef659D5B).