Indexed Attack Compensation Plan

  • The compensation plan will be implemented via Pickle Cornichons (tokens will be issued to the affected which they can burn for DAI at a pay-out rate they are happy to accept). The DAI backing these claims will be sourced from a combination of extracted assets from the affected pools (see below) and Indexed protocol revenue over time. A further article will be published upon deployment explaining exactly how this works and what it means for the affected.
  • There will be two separate claim tokens issued: one for direct holders of the affected tokens (DEFI5, CC10 and FFF) and one for holders of LP tokens for any of these three. These tokens will have to be claimed by the affected on the Ethereum main-net once issued.
  • 99.32% of the losses incurred by holders of all affected tokens on any chain will be compensated,
  • 88.5% of the losses incurred by holders of all associated liquidity tokens on any chain will be compensated,
  • The DAO has agreed to consider a Governor Alpha proposal that would lead to the draining of assets remaining in the DEFI5, CC10 and FFF pool contracts and subsequent retrieval of remaining liquidity from LP pools. The assets obtained by the DAO in this way — if such a proposal is passed — will be converted to DAI and used as a base against which the affected can redeem claims.
  • The amount of debt incurred by the attack will not be inflated over time in order to reflect the lost upside opportunity.




Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Assessing points of entry for AAVE’s long-term investors

7 Cryptocurrency Mistakes To Avoid

What are Ethereum Smart Contracts?

GAMΞRSΞ ($LFG) dual IGO is Coming to KCCPad & GameZone

Weekly Trend Signals Are Now Live

Startup funding can be disrupted with tokens

Are HODLers doomed to rely on centralized options?

MEXC Research: KEaNU(T) Market Research and Analysis

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Indexed Finance

Indexed Finance

More from Medium

ROS 2 Galactic on Mac M1 with Monterey

Meet Revolution Growth’s Newest Partner: Fazeela Abdul Rashid

Update to Time Wonderland

FACEIT Launches Collegiate CS:GO Championships for EU, SA, and NA with $50,000 in Total Prizing