I don’t think you’ve read my report; I’m putting the link here for you: [Incident report] - Balancer's EURe/sDAI pool on GnosisChain
I’ve said from the very beginning that my problem wasn’t the loss itself, as it was limited for most LPs; my problem is how this incident was handled by KPK, Balancer, and Gnosis. I’ll remind you that for months, KPK didn’t even notice they were losing money on a position funded by GnosisDAO, and that’s the real issue. The reimbursement for LPs is nice to have, but I would have 1000x preferred no refund at all and instead to see KPK truly reflect on this incident.
KPK, Balancer, and Gnosis had been aware of the issue for months and chose to hide it. On top of that, the information was not easily available, the APR was incorrect, the oracle cache was not visible on the website, and the fact that it wasn’t updated on weekends could only be found by digging through Chainlink’s documentation.
The total loss is closer to 700k than 300k. The figure provided by KPK is simply incorrect and doesn’t account for a lot of the arbitrage.
It took me weeks to analyze the total loss of the pool due to the choice of oracle (I invite you to read the report and the code to understand why). I still maintain, perhaps wrongly, that it was KPK’s job to do this, given the mandate and the multi-million dollar compensation GnosisDAO offered them.