I support Ghost_in_the_code in that this proposal should aim to repay hack victims as quickly as possible with ultimate finality. Repayment of hack victims is certainly not “off topic” when then proposal is to mint RGT to fund development of the protocol and long term success.
As I see it any crypto project, whether it is defi, NFT, Eth, btc whatever. Generally the earliest adopters, the earliest supporters are the ones that are rewarded the most if the porject succeeds. In turn they become the biggest zealots of the protocol, putting time and effort in defending the protocol and helping build it going forward.
However Rari now has a huge problem in that it’s earliest users are the ones being rewarded the least. It’s earliest users are the ones crying poor and telling everyone on social media how much of a shit show the “repayment” has been. Just because the repayment has been voted on really means nothing, as nothing of value to the hack victims has actually happened. Early on the sentiment of victims was positive however the sentiment from the hack victims is now largely extremely negative and has been getting worse over time.
Anyone who thinks paying back victims is “off topic” is not understanding that many future conversations are going to be hijacked and led off topic by hack victims unless there is a concerted effort to “make them whole” as was the promise made publicly by all team members.
Hack victims have been relatively quiet up until now as everyone understands that it takes time for things to move forward. But every move made forward seems to get further and further away from “making us whole”
The 2m Rari that was donated to the DAO from the team was meant to be earmarked to repay hack victims. This changed once the DAO was in control to Bonds (Rept-b) paid in 4 years in DAI not ETH. The team then spent 2 months “building” with little to no update a Yield Space where victims would be able to trade their bonds if they wished, this never materialised. It has now devolved into a Uni pool with no liquidity for Rept-b
This represents a complete lack of respect for early users and adopters and sends an incredibly bad message to any future or potential investors.
Of course, there are risks involved with Defi investing. But the message the protocol sends out should be a strong message sent to any future investors which should be “We will do every thing we can to support you in the event of a hack” and currently the message being sent out is “We will appear to do something to help you but ultimately you took a risk and lost, bad luck investing with us, try again”. My point is that this can only change back to a positive message if victims are repaid fully and quickly. Otherwise you are going to see lots of bad sentiment, messages and discussion on all posts for a long time on twitter, these forums, discord and anywhere else.
There is a significant cohort of Rept-b holders who either sold their RGT or never had much. So they don’t care if their negative comments effect rgt price or invoke negative sentiment on twitter etc.
I encourage anyone who thinks otherwise to do a twitter search for RGT. You will find negative comments relating to the hack on many recent posts and this has a wide ranging overall negative effect on RGT price and discourages any potential new users. Just having a hack channel on the discord puts people off. If we can use some of the proposed new RGT to make this problem go away it will be best for everyone long term.
In summary I believe that when the new RGT is minted hack victims should be made a top priority to remove negative discourse from continuing. An Airdrop to Rept-b holders would be the fastest and easiest. However using the newly minted RGT to supply liquidity to the rept-b uni pool may also suffice.