Just to add some further clarifications - the proposal here is to use the 21M unlocked PERP tokens as per this post: Proposal: Unlocking Perp Tokens for Growth
Given we are a decentralised organisation and this is the DAO treasury, any potential compensation requires a vote. For similar instances you can see what happened with compound (see: Compound | Proposal Detail #32). The item posted above by Weiting is a proposal to compensate traders.
As a final point, the smart contracts and the system actually functioned as expected. My personal viewpoint here would be that we vote to compensate the 75K proposed but note that this is a one off event that will not be repeated.
This problem is not clear cut, nor is there a solution that will satisfy everyone. Given this I’d urge everyone to think of the broader picture and look longer term in the best interests of Perpetual Protocol.