This referendum proposes the approval of a new reimbursement plan for Neemo Finance, based on the Asset-Linked (Burn) Compensation Model. This follows the rejection of the previous Snapshot-Only Model in Referendum #33, and continues the on-chain governance process to determine how to resolve the Neemo incident in a community-driven and transparent manner.
This referendum executes a batch call with two key actions:
1️⃣ Approve Treasury Proposal #13 – authorizing the transfer of 204,283,546 ASTR from the on-chain treasury to the Neemo Finance multisig wallet (ZLktMBPpV8KUGNADv5sVKzA5p8cLoLWfZGLB4VsgAW6ebSN)
to fund Neemo’s user reimbursement plan under the Asset-Linked (Burn) model.
📜 Treasury proposal: https://astar.subsquare.io/treasury/proposals/13
📘 Forum context: Neemo Exploit Reimbursement Plan
📊 Poll results: SubSquare Poll #11
Important: These funds were originally moved to the treasury for safekeeping by Referendum #27 and Referendum #30.
This referendum determines whether those funds will now be released for Neemo’s updated compensation plan.
This model distributes compensation based on actual asset exposure and introduces a burn requirement to ensure single-use claims (see forum post).
| Group | Allocation | Estimated Discount |
|---|---|---|
| nsASTR holders | 100% of protected ASTR | ~21.7% |
| nrETH holders | 100% of returned ETH | ~30.5% |
2️⃣ Transfer Neemo dApp Ownership – returning the dApp at address0xb0369b70ab98dcd40188b6cf2b2b002d74e1c42a
from the on-chain treasury to Neemo Finance’s multisig wallet
(ZLktMBPpV8KUGNADv5sVKzA5p8cLoLWfZGLB4VsgAW6ebSN)
⚠️ Important Note on Governance Process
This referendum has been created by the Main Council at the formal request of the Neemo Finance team to enable fast-tracking and run a separate vote outside the standard treasury workflow.
➡️ By creating this referendum, neither the Main Council nor the Astar Foundation is endorsing, approving, or supporting the Asset-Linked (Burn) model.
Each Council member will vote independently during the referendum to express their individual position — just like any other ASTR holder.
🗳️ Why This Referendum Matters
👉 Please review the linked treasury proposal and forum thread before voting. Your vote will determine whether the treasury funds are released and the Neemo dApp is transferred.
The following points have already been explained on both the forum and Discord, but I’ll restate them here for clarity:
Edited
@XFo1...ZbMh Seiya:
@aEjW...QRq2
I’ve repeatedly stated that we are using “external advisors.” How exactly would you propose proving that? I’ve already ensured that I cannot move any assets on my own.
ZLktMBPpV8KUGNADv5sVKzA5p8cLoLWfZGLB4VsgAW6ebSN is the multisig wallet. You can verify this yourself.
We’ve been discussing the acquisition on the forum for quite some time, and as I’ve said repeatedly, we are in the stage of finalizing discussions. As I mentioned in my previous comment, Neemo’s current value is zero or even negative, we must demonstrate our value before proceeding. I've been asked a lot for frequent updates before the finalization, so I’ve provided them, but as I've said in the forum, sharing too early would only create further confusion and slow down the process. And this is exactly happening right now.
Are we transferring the 200M ASTR to this new team you’re referring to?
Of course not, there’s no scenario in which 200M ASTR is transferred to the new team. This is related to Phase 2.
Edited
Because of the team's lack of communication, I changed my vote to 'Nay' with high conviction. They haven't been able to earn my trust to send them back the 200M ASTR. I haven't got the trust from the team that they are capable of handling the 200M after their admin key was leaked, which caused this hack.
Please communicate Seiya for me to change my vote!