Thank you for bearing with us as we worked to figure out the Fee Distributions. To ensure we used the correct account balances a script was created to take snapshots for May and June. This code can be verified at:
The May fee distribution (hodl.octo.fi) was done 9th July 2021 and included the following amounts:
13409.1869434 DAI to 2066 holders. The cutoff was extended to anyone holding 8 OCTO for the month.
3 community members reached out about missing distributions for the month of April totaling 4.96 DAI. The missed fees were added to their distribution for May and the rows were highlighted in green.
The June fee distribution would have gone out with the May fee distribution, however the fees address collected less than $20 in fees for the month of June. In an effort to better understand the fees address, I looked through past transactions and it appears that much of the fees distributed in May and April were the result of donations from Doc and an early project supporter and not from fees being collected from the platform. This will likely hold true for future distributions as well. We will need to discuss this as a community. In the meantime, I'll be focusing my efforts on improving the dApp to increase usability and drive users to the fee generating features of the platform.
Please reach out if a mistake was made or if you have any questions.
Have a great weekend,
This transparency report does not constitute nor imply a prospectus of any sort. No wording contained herein should be construed as a solicitation for investment. Accordingly, this transparency report does not pertain in any way to an offering of securities in any jurisdiction worldwide whatsoever. Rather, this transparency report constitutes a description of the development and distribution of OCTO. Do not trade or invest in any tokens, companies or entities based solely upon this information. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. Investors should conduct independent due diligence, with assistance from professional financial, legal and tax experts, on topics discussed in this document and develop a stand-alone judgment of the relevant markets prior to making any investment decision.
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