[Proposal] Oracle Refund

Let’s get this done and move on!

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Given the recent market slide, do we know at which date we will use the price to lock up the equivalent amount of ANC to be distributed? Will it be the date at which the contract is funded?

What is the likely hood of not making quorum? Only 1% have voted and the poll set to close in a few days

Still pushing the bigger holders. Hoping we get this done on the last day.

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Dropped in my vote. Let’s see this take off!

Everyone call your friends and family that use anchor and tell them to get in and VOTE

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Qourum reached! nice work on this, huge result for those affected, but mostly for the community.

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Seems like we are gonna make it. Thanks @bitn8 for your effort :blue_heart:

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Thanks, everyone for all your hard work and sticking together as a community on this! WAGMI :anchor: :raised_hands:

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Had an army voting for us too!!! Wagmi!!

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GOD bless the commmunity for voting yes on this proposal

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Really happy this passed! Congrats everyone.

@bitn8 Any chance you could help give thoughts on this?

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Great news, just wondering if there is an already complied list of those affected? I know my address should be on any such list, but the sooner I see it in writing the more relieved I’ll be. Thanks again.

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Also what are the next steps we need to take to make sure we “claim” or whatever is needed to not miss out on our restitution?

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So now that proposal 13 has passed, can someone give clarification on what it means to bring affected users wallets back to neutral?

I mean, incase someone got liquidated of an amount of 10,000 UST, what is gonna be the compensation amount?

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Should be to the amount of Bluna liquidated on December 9th plus 5% boost, paid in ust. Look at your liquidation transactions for the amount.

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The vesting contract will be funded with 4,402,400 ANC listed on the proposal.

The amount of the refund is the difference between the wrong oracle price and the actual market price.

There will be a webUI for you to input your wallet address to check for your refund. That should be up once the poll executes.

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So here’s the math I’m doing behind the refund…

  • We need to refund $9.6M and there are 4,402,400 ANC being placed in the vesting contract.
  • The proposal states that there will be an extra 5% of ANC given as a bonus, which means that the $9.6M is equivalent to 4,402,400/(1.05) = 4,192,761 ANC.
  • That puts an implied price on refunded ANC is $2.28.
  • The current price of ANC is $1.64.

How did we choose the $2.28 price?

That’s the price at the time the poll was put up.

can you please explain the difference between the wrong oracle price and actual market price?

because i (And assuming others) wouldn’t have been liquidated at all without the oracle error. trying to understand, how it will be calculated.

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Are there any instructions or websites yet for next steps and to claim?