Return unclaimed distributed INST to Gov Treasury
AI summary
This proposal seeks to reclaim approximately 9.38 million unclaimed INST tokens from the initial token distribution (airdrop) in June 2021 and return them to the Instadapp Governance Treasury. These are tokens that were allocated to users but have not been claimed over three months. The proposal specifically excludes tokens distributed through liquidity mining programs.
If passed, the Instadapp Governance Treasury will gain control of an additional 9.38 million INST tokens, increasing its resources for future initiatives or operations. This benefits the DAO by consolidating unclaimed assets, but users who were eligible for the initial airdrop and have not yet claimed their tokens will lose their ability to do so.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
4 votes > 5% VPFull proposal
Summary
This snapshot would return all unclaimed INST initially distributed to users on June 15, 2021, (INST from token launch) back to the Instadapp Governance Treasury. This includes would include INST tokens distributed on both mainnet and polygon network. 1m votes is required to achieve quorum. This proposal does not affect tokens received or yet to be claimed through liquidity mining.
Description:
3 months after the token launch and the amount of claimed INST is still relatively small, less than 16%. The protocol has experienced more consistent growth through its Liquidity Mini…