First, thank you for sharing your story, it’s truly a tough spot and I appreciate you trusting the DAO process by posting here. Losing 20k can be devastating, especially as it stemmed from a legitimate swap on Velora, I also echo that ,no one should face real-life financial hardship from using DeFi as intended. Your case tugs at the heart of why we are here and why we continuously contributing to this DAO.
That said, let’s honor the full picture. The AugustusV6 vulnerability was a painful oversight (detailed in the post-mortem), but the team acted decisively:
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Immediate Mitigation: Paused V6 within hours and coordinated white-hat recoveries of ~$3.4M plus ~$800k from hackers via on-chain negotiations (as in your case’s unanswered message).
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Broad Notifications: Public announcements across Medium, X, Discord, and the help center; plus targeted on-chain NFTs and messages to ~thousands of affected wallets. These weren’t perfect (e.g., on-chain alerts can feel obscure), but they reached proactive users who revoked in time.
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Generous Refunds: PEP-07 allocated ~103 ETH for full reimbursements to those who acted in time by a set time, in my humble opinion, setting a gold standard that refunded dozens without quibbling.
PEP-07’s success (passed April 2024 with huge support) shows DAO’s commitment but it also closed the fund to preserve treasury sustainability.
Extending it indefinitely risks straining resources if more late claims surface, like yourself, hundreds were exposed per the post-mortem.
DeFi’s promise is indeed empowerment, which means we all share the load, all protocols strive to innovate securely, but users to, bare responsibility and must stay vigilant (revoking approvals post-swap).
You mentioned learning this lesson and revoking now, commendable, and it protects you going forward. While I am somehow tempted to say it’s not entirely “user error” here but more of a systemic reminder that infinite approvals are a double-edged sword we all navigate.
My proposal for a potential resolution, because judging your onchain moves does make me wonder a little why u haven’t moved the ETH to another wallet and proceed to swap in this wallet, when you did for other occasions, but nonetheless :
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Verify & Extend Debate - Let’s confirm your txs via Etherscan and ask everyone to use their expertise to examine everything that might indicate a potential spoof claim and extend the 7-day window if needed for thoroughness.
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Goodwill Gesture - If verified, I am inclined to support a one-time 50% refund (10k USDC) and kindly ask @SEEDGov to assist in pushing proposal to snapshot. This honors PEP-07’s spirit and we must reiterate and along this put a stop to any precedent for unlimited late claims. ( to be included in the header / footer everywhere it makes sense that no future such claims can be taken in consideration )
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Community Input - Looking forward to see how the broad Velorian comunity reacts, rest of the delegates, what say you? No refund? Partial? Process tweaks? Let’s debate collaboratively.
@justmagic , I am rooting for you and hope on a one off level we come to some resolution but please allow us to scrutinise this claim and dedicate the required time to come to a conclusion, I feel we all and Velora DAO itself thrives on fairness and transparency and dare say - let’s make it right but, of course, within reason.
(Supporting refs: PEP-07 Thread, Post-Mortem)