Funding Request: Rewards Compensation

Title: Funding Request: Rewards Compensation
Authors: Dragoo#3089
Date Created: 27/09/2022
Date Posted: 27/09/2022

SUMMARY
Rewards compensation due to missing swap paths after the last contract deployment.

BACKGROUND
Our community found a Bug in the distribution of rewards of BTC and ETH vaults, due to this issue there were some missed rewards in the past 3 days, and we are distributing back these profits to wallets which have missed rewards from the vaults.

MISSION & VALUES ALIGNMENT
An important priority for Bolide will always be to create a reliable system that will bring breakthrough solutions to the DeFi market. This is an ambitious and difficult goal to achieve, but we can cope with it. Bolide is a community-driven protocol, transparent and open for collaborations.

SCOPE OF WORK
After receiving the approval of the proposal, the next steps will be followed:

  • Allocate $BLID tokens from the Company Wallet to the Expenses wallet and distribute missing rewards to wallets used BTC&ETH Vaults during the period without rewards.

FINANCIAL IMPLICATIONS
To compensate for the missed rewards due to missing swap paths after the last deployment, we request the amount of 50,000 $BLID tokens from the Company wallet.

POLL

  • Yes – If this proposal passes, Bolide will follow the proposed usage of funds as described above
  • No – If this proposal is rejected, it will go back for further discussion in order to align on the required changes, before the updated proposal is re-sent for review.