Neemo Exploit Reimbursement Plan

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Asset-Linked Model — On-Chain Vote Now Open

The previous on-chain referendum rejected the Snapshot model. As announced, we are therefore proceeding with the next most-supported option from the off-chain poll: the Asset-Linked Model.

Remember: no ASTR can move without an on-chain “AYE”. Your vote alone advances the compensation process.

Vote Link: Second Proposal: Approve Treasury Proposal #13 (Neemo Reimbursement – Asset-Linked (Burn) Compensation Model) & Transfer Neemo dApp Ownership Back to Neemo Multisig

What this vote decides

Whether Phase 1 compensation will adopt the Asset-Linked Model.

If the referendum passes:

  • 204,283,546 ASTR safeguarded in the Astar Treasury is distributed to nsASTR holders.

  • 91.634 ETH returned by the white-hat initiative is distributed to nrETH holders.

    Both distributions occur instantly through burn-for-refund contracts.

Model mechanics

Token group Funding source Payout rule (burn contract)
nsASTR Entire protected ASTR balance User burns nsASTR → receives ASTR immediately
nrETH Entire returned ETH balance User burns nrETH → receives ETH immediately

  • The nsASTR/nrETH in the hacker wallets are already burned; minting is permanently disabled.

  • Burn contracts stay open forever—late burns receive the same rate.

  • Suspicious addresses can be quarantined or capped.

Estimated discount (final figure set after funds arrive):

  • nsASTR ≈ 21.7 % (1 nsASTR ≈ 0.8685 ASTR)

  • nrETH ≈ 30.5 % (1 nrETH ≈ 0.744 ETH)

User flow after a “YES” outcome

  1. Withdraw

    • Retrieve nsASTR / nrETH from DEX LPs, lending pools.

    • Lending pools are preparing to reopen withdrawal; L2 contracts are already safe under Neemo multisig + timelock control, thus interacting nsASTR/nrETH is safe even though the Metamask or any wallet alert.

  2. Burn

    • Send tokens to the reimbursement contract

  3. Receive

    • ASTR or ETH is returned in the same transaction.

Key-management safeguards

  • Emergency withdrawal requires both External Advisors and the Neemo multisig.

  • Treasury payout address is a 2-of-3 Polkadot multisig that is not controlled solely by the Neemo team.

  • No relaunch of nsASTR / nrETH until a fully audited plan is in place.

Ongoing compensation (Phase 2)

  • 100 % of Neemo dApp-staking rewards—minus minimal ops costs—will stream monthly into the compensation pool until pre-hack exchange rates are reached.

  • Additional sources (new protocol revenue, any further asset recoveries) will also feed the pool.

Execution timeline

  1. Current vote — approve or reject the Asset-Linked Model.

  2. Treasury transfer — upon approval, 204 M ASTR is sent to the Neemo multisig.

  3. Claims open — burn & refund begin as soon as funds arrive and the code completed with audit

  4. Phase 2 — monthly dApp-staking rewards and additional revenue top up the pool until all gaps are closed.

Please review the details and cast your on-chain vote. Only an on-chain “AYE” can unlock the protected ASTR and start refunds.

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