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YPP-0068.md

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Proposal

Send the recovered DAI and USDC in the timelock to @alcueca at 0xC7aE076086623ecEA2450e364C838916a043F9a8.

Background

To distribute strategy tokens to affected users from this incident, the following steps will be taken:

  1. Send the recovered DAI and USDC to @alcueca at 0xC7aE076086623ecEA2450e364C838916a043F9a8
  2. @alcueca will invest in each NEW strategy with the funds from step 1
  3. @alcueca will send the strategy tokens (both YSDAI6MJD and YSUSDC6MJD) to the timelock
  4. The timelock will distribute YSDAI6MJD strategy tokens to users*
  5. The timelock will distribute YSUSDC6MJD strategy tokens to users*

This proposal is only for step 1 above. Items 4 and 5 will use separate proposals.

*based on the user's strategy token balance when the incident occurred, and relative to the corresponding new strategy's total value

Details

The sendTokens script will be used to send DAI/USDC from the timelock to @alcueca. The proposal approval and execution were tested on tenderly here.