After months of uncertainty, the Tribe DAO has passed a vote to repay affected users of the $80 million exploit on decentralizovane finansije (DeFi) platform Rari Capital’s liquidity pools.
Nakon nekoliko krugova glasanja i prijedloga upravljanja, Pleme DAO, koje se sastoji od Midas Capitala, Rari Capitala, Fei Protocola i Volt Protocola, donijelo je odluku da glasa u nedjelju s namjerom da u potpunosti nadoknadi troškove hakiranja.
Data from the on-chain voting platform Tally emisije that 99% of those who voted were in favor and the proposal was executed on Tuesday.
According to the description underneath the voting data, individual users will be paid back in Fei USD (FEI), while DAOs will be paid in Dai (DAI). Users would also have to sign a message releasing any liability.
In a Sept. 20 Twitter pošta, Fei’s founder Joey Santoro on Twitter said the payment would be made 24 hours after the passing of the vote.
1/ The Rari Fuse Hack Payment has passed on-chain to FULLY pay the victims in 24 hours.
This is a big moment in these final governance decisions of the Tribe DAO.
— Joey ’s ERC-4626 (@joey__santoro) Septembar 19, 2022
The total payment amount is 12.68 million FEI, which is trading at $0.97 at the time of writing, and 26.61 million DAI, which is trading at $1, prema na podatke iz CoinGecko.
The vote was one of the final governance decisions for Tribe DAO which has announced plans to wind down.
In their Aug. 20 proposal, they objašnjeno the “challenging macro environment” and “specific challenges such as Rari Capital’s Fuse hack” were all factors in the decision.
“At this stage, a responsible choice for the DAO to consider is leaving the protocol in a state which would defend the FEI peg without the need for governance.”
The whole process of reimbursing victims of the hack has been ongoing, with several rounds of voting through snapshot signaling polls and on-chain. However, none ended in a resolution for affected users.
Santoro explained the challenges they all faced in coming up with a solution and hopes that other DAOs can learn from the incident.
Povezano: DeFi protokol se gasi mesecima nakon hakovanja Rari Fuse
“The biggest lesson here is that DAOs should not have to make decisions like this after the fact. An explicit upfront policy, ideally with on-chain enforcement, would have saved the DAO from needing to venture into uncharted governance territory.”
6/
I hope everyone can take away these lessons and know that all of the stakeholders truly did their best in an unprecedented situation.— Joey ’s ERC-4626 (@joey__santoro) Septembar 19, 2022
Following the hack, a $10 million bounty was offered to the hackers but it was never disclosed if they responded.
Source: https://cointelegraph.com/news/tribe-dao-votes-in-favor-of-repaying-victims-of-80m-rari-hack