[GIP-275] Return of Liquidation Profits & Fees for Expired Credit Managers
AI summary
This proposal seeks to return profits and fees generated from the forced liquidation of certain user accounts (Credit Managers) on various blockchain networks (Arbitrum, Optimism, Sonic, Ethereum Mainnet) back to the affected users. These liquidations happened because the accounts expired, not due to user error. It also aims to create a permanent rule for automatically refunding users in similar future situations within the Chaos Labs Legacy Markets.
If passed, affected users will receive back the profits and fees that were taken during these specific liquidations. The DAO's treasury will reimburse its share of fees, and a request will be made for 'kpk' (a curator) to do the same. This establishes a precedent for user protection during emergency protocol interventions, potentially reducing future DAO governance overhead for similar events.
Voting results
Votes over time
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🐳 Whale votes
1 vote > 5% VPFull proposal
Summary
This proposal aims to reimburse affected users for profits and fees generated during the forced liquidation of expired Credit Managers on Arbitrum, Optimism, Sonic, and Ethereum Mainnet, and to establish a streamlined process for future events.
Specifically, this proposal entails:
- Transferring 100% of the profits currently held by the DAO Old Liquidator wallet directly to the affected user wallets.
- Reimbursing the portion of liquidation fees collected by the DAO Treasury.
- Formally requesting kpk (curator) to reimburse their portion of the fe…