Project Ragnarok Bug Disclosure
IMMEDIATE ACTION REQUIRED
If you locked your DGDs in the governance quarters, please do multiple withdrawals from https://community.digix.global to unlock your DGDs.
A bug residing in the DigixDAO contracts will result in the loss of locked DGD tokens when they are not unlocked from DigixDAO. DigixDAO participants who had previously locked their DGDs on the governance platform would not be able to unlock their DGDs in full and can only unlock a linearly decaying number of DGDs per day, until 22 Jun 2020.
There are approximately 2,500 DGDs locked within DigixDAO as of 27 April 2020.
We hereby request that DGD holders, who have locked their DGDs in the DigixDAO platform, to unlock their DGDs immediately and perform multiple withdrawals to retrieve all your DGDs. This can simply be done by refreshing the page and repeat all steps in the withdrawal process again.
For DGD holders that did not participate in governance, this announcement does not affect you and your claimable ETH.
What this means to you
DigixDAO participants who had locked their DGD previously and did not claim within the first ten days of the dissolution can only effectively claim (80 — # of days elapsed since 2 April 2020) / 80 DGDs each time on https://community.digix.global.
Therefore, please repeat the process at least twice to claim most of your DGDs. Example:
*2 April 2020 is the configured start of the main phase.
Scenario 1:
User has 300 locked DGD and is unlocking on 4 April 2020
(80–2) / 80 X 300 = 288.75 DGD can be unlocked
Scenario 1b:
User has 12.25 locked DGD and does a second round of unlock on 4 April 2020
(80–2 ) / 80 X 12.25 = 11.94375 can be unlocked
In this scenario, you can repeat the process as many times as possible to get the maximum amount of DGDs unlocked.
Scenario 2:
User has 300 locked DGD and is unlocking on 5 April 2020
(80–3) / 80 X 300 = 285.0 DGD can be unlocked
Scenario 3 (WORST CASE):
User has 300 locked DGD and is unlocking on 21 Jun 2020
(80–80) / 80 X 300 = 0 DGD can be unlocked
FAQ
Q1: How can I unlock my DGD?
To unlock your DGD, head over to https://community.digix.global/#/.
1. Load your wallet
2. Click on Unlock DGD, and
3. Sign the transaction.
For the detailed guide, please refer to Step 1 of https://medium.com/digix/guide-to-burning-your-dgd-for-eth-fd0bbe32b129
Q2: I did not participate in DigixDAO nor locked my DGD tokens. Will this affect me?
For DGD holders that did not participate in governance, this announcement does not affect you and your claimable ETH.
Q3: Is there a deadline to unlock my DGD?
You will be able to unlock less and less DGD the longer you wait to withdraw from DigixDAO according to the effective claim formula (80 — # of days elapsed since April 5, 2020) / 80
After Jun 23 2020, no more DGD can be unlocked from the DigixDAO contract.
Q4: Will I be able to get back the DGD I have lost in retrospect?
No, you will not. Please do multiple withdrawals. Steps are detailed in Q1.
Q5: I am unable to burn my DGD after unlocking DGD tokens a few times. What should I do?
If there are any remaining unlocked DGD tokens on an address the user can’t process the burn. You must:
- Transfer the unlocked DGD tokens to another address
- Ensure some eth is included.
- Proceed to burn on the community.digix website.
Thank you
For any enquiries, email us at support@digix.zendesk.com
