Thanks for the reminder @bt8. I recalculated using today’s numbers, corrected for wstETH and added the ENA tokens. I think this is a solid option.
We could pay an upfront cap of 30 ETH, making whole 6 victims and 2 more victims would be just a few ETH off full repayment and still leave 1.3M USD in the treasury. At current rates of 46k USD fee income and 80k vePrisma dues, we would still have 40 weeks runway.
Here is a quick table only of the payment:
| Wallet |
wstETH loss |
wstETH repayment |
Loss left |
| 0x56A201…D291ED |
1281.897208 |
25.72503878 |
1256.172169 |
| 0xcbfDfF…Cc9eA8 |
632.473987 |
25.72503878 |
606.7489482 |
| 0xC48737…073379 |
281.597436 |
25.72503878 |
255.8723972 |
| 0x9FceDE…379f70 |
254.15799 |
25.72503878 |
228.4329512 |
| 0x1B72Ba…B02d89 |
118.919959 |
25.72503878 |
93.19492022 |
| 0x3B15CE…9f89CB |
88.211928 |
25.72503878 |
62.48688922 |
| 0x16F570…d87E15 |
81.199696 |
25.72503878 |
55.47465722 |
| 0x4A3Fce…b257eC |
68.080547 |
25.72503878 |
42.35550822 |
| 0xf8D1C9…8Ce0aa |
52.374561 |
25.72503878 |
26.64952222 |
| 0xf9Ca66…397418 |
31.825258 |
25.72503878 |
6.10021922 |
| 0xc47faE…c5C7C8 |
28.218348 |
25.72503878 |
2.49330922 |
| 0x774bB9…6Ef79F |
22.816279 |
22.816279 |
0 |
| 0x19562D…405212 |
21.92391 |
21.92391 |
0 |
| 0x1b0041…10123B |
15.755664 |
15.755664 |
0 |
| 0x3B82eE…AA4bfF |
9.498108 |
9.498108 |
0 |
| 0x14B30b…82353e |
3.006842 |
3.006842 |
0 |
| 0x409C6c…ff643e |
2.74901 |
2.74901 |
0 |
| Totals |
2994.706731 |
358.7252396 |
2635.981491 |
| Totals in ETH |
3492.364101 |
418.3378412 |
3074.02626 |
| Dollar equivalent |
9253733.64 |
1292676.479 |
9498833.363 |
Remaining treasury in USD 1,338,549
Separately the DAO could decide to reduce the payments to vePrisma owners and increase a monthly payment to victims
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35 ETH cap makes 7 victims whole and the 8th is only 1.8 wstETH short of being whole.
This still leaves 5 weeks of runway (about 1.175M in treasury)
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Correction, it’s 35 weeks (not 5) or about 8 and a half months.
Agreed that 100ETH monthly is probably too optimistic for what the current revenue looks like. I agree a larger first payment is probably in the best interest of all parties, to knock down as much debt as possible.
The table further up from @Victim showing pro-rata rates and adjusted pro-rata rates, I don’t think is more fair, for a just a couple of reasons. Pure pro-rata means extremely small payments made to small victims over the course of the full repayment period. These smaller victims will have a much larger proportion of their payout consumed in gas costs to claim. It’s not so much an issue for the initial large payout, but subsequent payouts would likely not be worth claiming without allowing several to stack up first.
The adjusted pro-rata creates a cut-off where some smaller victims receive a larger payout than larger victims. In your table, the 10th victim receives a larger payment than victims 3-9.
Personally, I think the table from @VictimsBFF is a more fair structure.
If any of the larger victims represents a group of people, I think that needs to be substantiated so that the DAO can take this into consideration without having to make assumptions.
I will also play devil’s advocate here. Discord user punkmen21 has repeatedly complained in discord that no proposal or comment mentions team and investor wallets covering a portion of repayment. This user frequently deletes their discord messages, and has refused to participate in the forum directly, for whatever reasons.
I’m not a fan of assigning blame, and certainly am not a fan of most of punkmen21’s ideas (which includes increasing vePrisma payments and doing whatever possible to not pay victims back from protocol revenue / making victims rely on law enforcement recovery of funds). But I do think it’s worth asking if there are any other sources of funds that are available. If debt tokens are out of the question for victims, perhaps the protocol can find funding in other ways, such as further investment from partners like Yearn and Convex if they are willing, or some commitment from team to reinvest their own mkusd rewards from veprisma, etc.
Anything that can be done to help is worth at least being mentioned.
2 Likes
Agreed with Tommy’s post, because of the specific distribution of the number each victim’s lost in this hack, using @TommyGenesis’s equal splitting method for the monthly payment after the upfront is way better than a pure pro-rata method, for EVERY victim including the whales. Since the repayment will accelerate as more and more victims got paid-off, the rest bigger victims’ll have far more amount allocated for each repayment and dramatically shortened span of time for repayment.