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:
https://github.com/octofi/fee-snapshots
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.
https://etherscan.io/tx/0x9fbec164b475bb69d2d674ab1950d65cabfa078ebc625e2a72a26e6f6bd435f1
https://etherscan.io/tx/0x28c28d6a36785a12627b4d3da6bf74b9c407670ba5c06fa4cf224722bf8910ae
https://etherscan.io/tx/0x9d0274b4375b3fa33a2617397f9375b7947e4b54e85b9f7f8653f03b8a2c339f
https://etherscan.io/tx/0x128c2c4e263951a92383338da5683015067e37217ee8ea97da4e952e9181afb1
https://etherscan.io/tx/0xe6b04c32fcf545b3d961de383244be7a3eb39437681a0909f8cff6a8e126ad93
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,
Nathan
DISCLAIMER
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.
This document does not constitute nor imply a final technical specification of OCTO. Information presented in this transparency report, technical or otherwise, is meant to outline general ideas, designs and use-cases and is subject to change with or without notice. For the latest up-to-date technical specifications, check out the updates and documentations on the official website www.octo.fi. The graphs, charts and other visual aids are provided for informational purposes only. None of these graphs, charts or visual aids can and of themselves be used to make investment decisions. No representation is made that these will assist any person in making investment decisions and no graph, chart or other visual aid can capture all factors and variables required in making such decisions.
While this transparency report was compiled with the greatest care possible, it cannot be guaranteed that all information is complete or accurate. The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. No representations or warranties are made as to the accuracy of such forward-looking statements. Any projections, forecasts and estimates contained in this document are necessarily speculative in nature and are based upon certain assumptions. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors, most of which are beyond control. It can be expected that some or all of such forward-looking assumptions will not materialize or will vary significantly from actual results. For any questions on a specific subject covered in this document, please contact us on hello@octo.fi
