memoscan
← all memos

Memo 0xe0ccdcc4…ebcccd on Ethereum

0xf6aa2140…c087sent to0xbec3de5b…cc24·#14,979,266·view on Etherscan
Believe post-hack depositors should be made fully whole not just 90%, which is in line with announcement from ramon in disc: First Step. Mark it down to 0. We will adjust the first the NAV to mark all the affected strategies to 0. It will overestimate the losses initially. Then we will recoup what we can from the Rari pool and give it back to the gardens Second Step. Recover Collateral. Recover 465k in collateral from the fuse pool and distribute it pro rata amongst the affected gardens. NAV will appreciate after this. Third Step. Issue Shares to late depositors. Issue additional shares to people that deposited after the hack to make them whole. NAV will lower again after this. Reenable deposits/withdrawals.
unknown sendersent to0xbec3de5b…cc24·#14,979,266·view on Etherscan
Believe post-hack depositors should be made fully whole not just 90%, which is in line with announcement from ramon in disc: First Step. Mark it down to 0. We will adjust the first the NAV to mark all the affected strategies to 0. It will overestimate the losses initially. Then we will recoup what we can from the Rari pool and give it back to the gardens Second Step. Recover Collateral. Recover 465k in collateral from the fuse pool and distribute it pro rata amongst the affected gardens. NAV will appreciate after this. Third Step. Issue Shares to late depositors. Issue additional shares to people that deposited after the hack to make them whole. NAV will lower again after this. Reenable deposits/withdrawals.