The previous Perp buyback plan was based on the calculation of 50% DAO. Now you are thinking of making it 0% DAO to nullify the previous vote that has already passed!? @LeeKB how can you say that there is no clear use of the DAO funds when you are fully aware that the DAO fund are currently planned to be used for the Perp buyback plan!? We’re pretty sick and tired of this gimmick. Since the buyback vote has passed a few months ago, we haven’t received a single penny of compensation. You’re thinking of various ways to cut down on the compensation amount to the v1 users despite the vote has already passed? Having a percentage less than 50% would be ridiculous.
I have an idea: If we want to give the vePERP holders more rewards, we can have a vote option to keep 50/50 split of DAO and vePERP, but then add in 50% of the DAO/treasury income will go to fund additional rewards for vePERP holders. So that the absolute amount of 17.5% DAO that goes to compensate the v1 users are not affected. This will help maintain the good reputation of PERP, so that the public won’t perceive this to be a gimmick to bypass the Perp buyback plan that has already passed.