UIP-3

Good Sanai
Uniwhale
Published in
2 min readApr 15, 2023

Short Name

UIP-3

Long Name

Compensation for the affected ULP holders

Area of Impact

LiquidityPool

Logistics

Where: Uniwhale space at Snapshot.org
When: 2PM UTC Apr 15, 2023–2PM UTC Apr 17, 2023
To participate, you must unstake esUNW before the Snapshot.org snapshot.

Proposal Description

UIP-3 asks our community if and how we should compensate the affected ULP holders for the difference between the affected amount (658624 USDT) and the returned amount (561141.838943429001009398 USDT).

If UIP-3 passes, the affected ULP holders (based on the snapshot taken by the Uniwhale team) will receive a new NFT with esUNW entitlement proportionally corresponding to the difference between the affected amount and the returned amount, multiplied by 1.2, based on the time-weighted price of UNW between 2PM UTC Apr 15, 2023–2PM UTC Apr 17, 2023.
The exact launch timing of the new NFT will be announced later.

Voting

The voting will take place at the Uniwhale space at Snapshot.org.

The voting will start at 2PM UTC Apr 15, 2023 and end at 2PM UTC Apr 17, 2023

To participate, you must unstake esUNW before the Snapshot.org snapshot. You can stake your esUNW again after your vote is recorded. You are recommended to unstake at least 30 minutes before the intended voting start, to ensure the Snapshot.org nodes can capture your unstaked esUNW.

Snapshot.org is a 3rd-party platform we use to facilitate off-chain voting. In accessing and/or using Snapshot.org, you acknowledge and agree that you shall have no claim against Uniwhale or its affiliates in respect of any loss suffered by you in relation to or arising from your access and/or use of Snapshot.org.

Background

Please visit our Discord channel: https://discord.com/channels/1037556934615769130/1041978754613903372/1096052971156029541

Join us!

To get involved and stay updated on all Uniwhale-related matters:

--

--

Good Sanai
Uniwhale

Chief Architect | Smart Contract Builder | Risk Management | ex-Wallstreet Quant