Proposal to reallocate unclaimed ITAM rewards to Governance Vault stakers

Community Discussion & Proposal Others
42

I think, whether you agree or not, everyone has the right to express themselves in community governance.
Whether or not to vote is also decided according to community governance rules. At the vote, if you don’t agree with the proposal, you just vote against it.
I agree with Huacayachief, you have the right to express your opinion, but don’t have to communicate with accusatory words, friendly:)

6 Likes
43

I think some people have forgotten about this fund, we should make an announcement and get it within a limited time, if it has not been received, it means that they have stopped paying attention to this project, I suggest putting the fund in the treasury.

44

i choose option 1, just leave it there, it does not belong to the others

45

i agree
No one has the power to redistribute previous rewards

46

We dont have right to reallocate unclaimed rewards!!! I choose option 1.

47

Please stay civilized.

1 Like
48

Thanks for this first proposal @huacayachief .

As a staker I of course woud like to receive more rewards. But more importantly I want Alpaca to be have a good reputation and I don’t know how making new rules backward compatible with old grazing range pool would affect that. That said it could be applied to future pools but there again I don’t know if it’s a good or bad idea in the long run.

1 Like
49

It’s bad idea in the long run

51

If their Alpaca is still locked so their reward should be kept.

Also I believe it’s too soon for this proposal, 10 month is not a long time .
I will support this idea when we has a user did not claim reward after 2 years and if the user wallet is dormant .

52

Also it’s just a proposal , no need to get judgmental about the user who proposed it

56

Thanks for the feedback. You can create a new thread if you’d like to submit an unrelated proposal : )

57

I think that this is a reasonable alternative. Also with out this space for discussion an option like these would not be possible so it’s important to have a safe space for discussion like this.

1 Like
58

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.

12 Likes
59

Hi guys.Sorry for my Google Translate English. One thing that I noticed reading the opinions of other colleagues, mainly the more anarcho-capitalist ones, something that I also witnessed in the comments section of a video I saw recently about investments in Solana, is that in the de-fi world we will always have this conflict between decentralization financial versus financial enrichment.

I don’t want to take sides on one side and think the other is ugly and evil, as is often the case in politics and religion, unfortunately. I believe in both decentralization and enrichment.

Therefore, I advocate a moderate solution: As no one at the time thought about this, because it was a new problem in the Defi environment, and also because of the anarcho-capitalist issue of the “inviolable right of property”, unclaimed rewards can never be tampered with unless by those who made Graze in the ITAM token. At the same time, to reward attentive and/or active holders, only for Grazes that will emerge, we will need to establish in a future proposal a time to claim them, (two years for me is quite reasonable), with wide publicity, of course.

1 Like
60

In my opinion you dont have to do that because you are going to steal someone property.

61

Use this for buyback and burn. But do not stretch as usual, but redeem during the day on Binance. The project itself stated that the best reward is the growth of the token itself than the distribution of rewards

2 Likes
62

Of course, in relation to the community, it would be wise to send this asset for redemption and burning.

63

I like this idea. I would go for option 2, given that sufficient time and announcements will be made before reallocate the unclaimed rewards.

64

I don’t think we should redistribute other people’s coins. Instead, we should start all the alpacas to find the lost llamas and tell them that there is still some delicious grass waiting for them. In the bear market, maybe they are starving and cold. . . . . Alpacas who support my point of view please type 1

2 Likes
65

That’s not a good idea. Alpaca should not have the right to dispose of private assets