Proposal Title:
Redistribution of Unclaimed Tokens to Existing Claimants
Status:
Draft
Proposal Type:
Governance
- Token Distribution Adjustment
Abstract:
This proposal suggests redistributing approximately 50% of unclaimed Obol tokens to users who have already claimed their tokens. This approach aims to reward active community members, improve token liquidity, and ensure a fairer distribution of tokens within the ecosystem.
Motivation:
The Obol token claiming period has ended, yet roughly half of the total token supply remains unclaimed. These unclaimed tokens create potential economic inefficiencies, reduce liquidity, and may lead to perceptions of unfairness among those who actively participated in the claiming process.
Redistributing the unclaimed tokens to existing claimants addresses these issues by incentivizing early supporters, reinforcing trust within the community, and promoting a more equitable token distribution.
There are no conflicts of interest associated with this proposal.
Specifications:
Redistribution Mechanism:
All unclaimed tokens (~50% of total supply) will be redistributed on a pro-rata basis to wallets that have already claimed tokens. This means each claimant will receive additional tokens proportional to their share of the total claimed amount.
Calculation Method:
- Identify the number of tokens claimed by each individual claimant.
- Calculate the total tokens claimed across all participants.
- Determine each claimant’s percentage of total claimed tokens.
- Allocate each user the same percentage from the unclaimed token pool.
Example:
If Claimant A has claimed 100 tokens out of a total 1,000 claimed tokens (10% share), and 500 tokens are unclaimed, Claimant A receives 10% of 500 = 50 additional tokens.
Transparency and Verification:
- All calculations will be publicly verifiable.
- A full breakdown of redistribution data will be published before execution.
- Community input and feedback will be incorporated during a designated review period.
Security Considerations:
- The redistribution does not affect wallet security or introduce new attack vectors.
- No smart contract upgrades or on-chain interactions from users are required.
- All execution will occur via a secure distribution mechanism approved by core contributors.
Impact Summary:
- Enhanced Community Engagement: Rewards active participants, fostering loyalty and participation.
- Fairer Distribution: Reinforces trust in the system by fairly allocating unused resources.
- Improved Liquidity: Returns tokens to circulation rather than leaving them idle.
- Potential Positive Price Effect: Concentration among engaged holders may stabilize or increase token value.
Action Plan:
Phase 1: Approval & Community Review (Week 1–2)
- Finalize calculations and share methodology.
- Collect and address community feedback.
Phase 2: Audit & Technical Validation (Week 3)
- Validate the redistribution logic and wallet data.
- Secure approval from Obol core contributors and/or designated validators.
Phase 3: Execution (Week 4)
- Distribute unclaimed tokens based on final dataset.
- Notify all eligible recipients via on-chain message or supported channels.
Post-Distribution:
- Publish final report and analytics.
- Host a community AMA to address remaining questions.
Contingency Plan:
- If technical or legal blockers arise, tokens will remain held in a transparent address until resolution.
- Alternate plans may be developed with community input.
Conclusion:
This proposal recommends a transparent, fair redistribution of unclaimed Obol tokens to users who have already claimed. Doing so strengthens the community, rewards engagement, and improves token utility.
We kindly ask the Obol community to support this initiative and vote in favor of this redistribution proposal.
Feedback, questions, and improvements are warmly welcomed.