(2nd Draft)
After hearing some suggestions from the community, here is an updated proposal:
Title: Make all snapshot INST claimable (remove net value) (rename) & Include Aave V1 Users (users migrate to Aave V2 and DSA v.2) & Addition of 90 Day Expiration Period To Claim Airdrop (remaining balance sent to treasury)
Summary
Push remaining partially unclaimed $INST tokens to all DSA v.2 accounts regardless of net value;
users would receive the total amount of claimable $INST.
Allot additional $INST for Aave V1 users who migrate to Aave V2 and create DSA v.2 Account.
Create 90 day expiration for claimable tokens. Remaining tokens sent to treasury.
Proposal
Several users, some with large CDPs, did the unusually responsible action of reducing their positions before migrating into Instadapp to claim their $INST, many were not aware that the claimable $INST was based specifically on the net value of the position at the time of the snapshot.
Some users wanted to test the migration and initiated a claim without their total balances, making it impossible for them to claim again. This will allow users who modified their net value prior to importing to receive a more appropriate amount of tokens.
I propose we push forward partially unclaimed $INST tokens to users who already migrated and make their remaining $INST claimable within their DSA v.2 account.
There were also many Aave V1 users who were left out of the airdrop who could be incentivized to move liquidity to Aave V2 and DSA v.2 account if allotted an airdrop.
I propose we push a maximum of 300,000 $INST to Aave V1 users who migrate their position to Aave V2 and create an DSA v.2 account.
Lastly it makes sense to reward active participation and to do so I propose we create a 90 day expiration period for the community to claim the remaining $INST tokens.
Reasons
The DAO currently has a high threshold for passing proposals and achieving quorum; no matter the outcome if claimed $INST is held or dumped in the market, increasing the claimable $INST will still make more $INST available and help with having more voting tokens in circulation.
Current Governance Parameters:
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1% of INST supply required to submit a proposal.
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4% of INST supply needed to reach quorum.
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~3 day voting period.
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~2 day timelock delay on execution.
Result
All current DSA v.2 users who migrated previously into Instadapp would receive the maximum allotted tokens no matter what balance they used to migrate or if they claimed before.
All future DSA v.2 accounts that had claimable allotments would simply receive their full claim by creating an account - no import required.
All Aave V1 accounts at the time of the original snapshot (mainnet) could receive an airdrop by migrating their position to Aave V2 and creating a DSA v.2 account.
A 90 day expiration period will be put in place to incentivize active participation and push the remaining tokens back to the treasury.