Proposal to reallocate unclaimed ITAM rewards to Governance Vault stakers

Community Discussion & Proposal Others
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There are a few key points many of you are probably unaware of (which HC will add to the opening post once available)

  1. This is not a precursor to a vote. This is a discussion. It’s not an AIP. Please read more on the proposal process here: Process for Governance Proposal for Alpaca Finance

  2. ITAM is currently listed on PCS V2 and a minor exchange XT. The issue is ITAM was acquired by another company. That means there is a relatively decent chance the ITAM token will be delisted at some point, and users will be unable to sell these rewards. Or, it will crash to 0 since the token will have no further use. That would mean $515k disappearing.

  1. These ITAM rewards were provided as extra rewards to ITAM-BNB farmers and BNB lenders. The distribution was completely different than our later Grazing Ranges. It’s not the case that users were staking explicitly to receive these rewards. Most of them were not even expecting these rewards since it was the first Grazing Range.

  2. The final bulletpoint in the original post was about an announcement period to users who may have unclaimed ITAM. The specific length of time of the announcement period was not declared. It’s one of the points that can be discussed. So what some of you are suggesting regarding giving it 1-2 years is within the bounds of the original proposal message.

  3. These tokens will not be assigned to the project team. The proposal is for distribution to governance stakers, and it involves unclaimed tokens which may have a limited lifetime. So please don’t use loaded terms like stealing, or you will be warned and possibly banned if you continue.

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