Pool 0 Incident Fund Recovery Proposal

  1. To retrieve the funds, we will call the ‘addminter’ method using the vUSD & vETH governance key, starting Pool 0 again for another epoch.
  2. By doing so, the closed pool will restart, resulting in continued issuance of YFV. To eliminate the incentive of staying in the pool, we will call notifyRewardAmount(0), which essentially keeps the pool running but instead eliminates YFV issuance (sets it to 0).
  3. The risk here is that steps (1) and (2) must be done in the same block or at least within two consecutive blocks. Otherwise, a malicious actor may interfere by calling any operation such as ‘stake’, ‘getReward’, or ‘withdraw’ that would trigger the checkNextEpoch modifier, resulting in the minting of another 63k YFV epoch reward.. We estimate the risk of minting another 63k YFV for that pool is about 0.1%, in which case we would be forced to burn the entire pool and abandon retrieval.

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Value DeFi Protocol

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Bring True Value to DeFi — https://valuedefi.io

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