luckily I saw this thread and can actually defend myself, since this seems pretty much like you making a completely arbitrary decision by yourself without the accused party having had a chance to explain themselves and without having the complete story.
i hope that this would be taken in consideration and discussed before calling for a vote since the way the accusations are phrased are pretty damning especially coming from you.
I find that accusation totally nonfactual since the liquidations in question all had millions of loans outstanding, which I could have tried and repaid with whatever money I could come up and get a liquidation reward of 8% on it plus the kp3r reward which would be absolutely minimal in comparison.
So the concept of ‘triggering a full liquidation’ eludes me, since it would presume that one has the entire capital to liquidate a position at once which is not always the case, and if it is it’s definitely more profitable to do that instead of doing fractional liquidations and earning like 5$ on each in keeper rewards. (just take a look at my previous liquidation worth about 8k for which I asked a friend to put up the capital, if that wasn’t a possibility I’d have to repay amounts that I could afford and would also be liquidating the same account over and over thus getting kp3r rewards, would that also count as ‘draining’???..
so, i could’ve put my entire funds towards repaying the debts (again, over the 6 accounts about 10M) and would’ve gotten not only the kp3r rewards, but also the liquidation rewards- cream keeper job would look the same now and not have any rewards anymore but I’d be a whole lot richer than before.
well then why didn’t I?
if you’d look at the entire history you’d see that i started with a reasonable amount to repay, before using small amounts.
well the reason for that is that after repaying the loan i realized that i ended up with a lot less than i had paid. ~ 30-40% less.
what happened (and this i realized afterwards) is that jeff had created a made up token and allowed it to be posted as collateral, given it to some other accounts who then when that token got some value took out huge loans against it, but in the previous hours that token dumped about 50% or even more, which is why their accounts showed up as liquidatable.
to make things worse the oracle for this token is controlled by an EOA and updated every 240 blocks, taking it’s price from who knows where, which results in cream thinking it’s giving you what you’re owed (loan payback + reward), but that’s just because the oracle is totally off and the real price is instead way lower.
so I went on liquidating amounts that wouldnt incurr in a loss to me as fast as possible, and leave the job without rewards - so that nobody else could be affected by this situation (and btw the kp3r rewards didn’t in the slightest make up what i had lost doing the first liquidation) while trying to gather facts about this scam that is being pulled on cream.
to reiterate, this isn’t a case of finding an exploit and not communicating it, since you can do this in any liquidation. it’s just never profitable unless say the liquidatable amount is maybe 5$ and you liquidate 1/100$ each, which isn’t the case here and if you’d look at my other liquidations that had low profit i never did do, but it might be worth looking into a way of preventing this (it should be rather easy since you could calculate the liquidatable amount and should it be below a certain threshold either directly not allowing the job to be done or requiring it to be liquidated in full- this although wouldn’t have helped here since the liquidatable amount was in the millions).
so I really don’t see how this constitutes anything that could be considered dishonest or the like, I was posting in discord all the facts, even put up the list of accounts that were affected, with the profits (not repay amount, but actual profits):
oh, and another thing- there are usually between 70-90 accounts underwater and liquidatable on cream for small amounts (less than 1usd), – would you consider ‘draining’ of the job if I had liquidated each of them, essentially as well receiving all the rewards for ‘fractional’ amounts, how would that exactly be different, I’d make more money in the end?
so my position:
completely deny all the accusations you brought forward, in what I consider bad faith since the wording is totally inappropriate (what has the unbonding to do with anything? i started unbonding my entire amount 2 days before and then added to it, this makes it sound like i was trying to escape or something… sadly there’s no other way to get gas back) and you do not have all the facts, neither was I given a chance to explain myself (even though I did post everything in discord) before a vote was called, which again just is a sign of bad faith since you/re basically creating your narrative and arguments (which are nonfactual) on which you’re then calling a vote, also knowing that since this is coming from you a huge percentage of people would just assume it to be like you say without thinking twice.
call attention to an oversight in the kp3r system, since while there are restrictions for keepers it seems there are none for jobs and this job is ridiculously unsafe- i’ll hope this will act as to ban every job involving cream which shouldn’t be used or promoted in any way
change the smart contract logic for rewarding liquidations to require a minimum of debt repaid
change the way how accusations and votes for slashing of bonds are brought forward, it again is absolutely incomprehensible to me how this is being done right now, the wording almost reads like a sentence which would make this ‘guilty until proven innocent’ - when it should be the other way around.
set some examples for ‘malicious behavior’, since I could easily say that the guy that is frontrunning everybody on every other job, at a loss, does way more harm to the keeper community than people not being able to do a job which shouldn’t have been allowed in the first place since it could result in huge potential losses and probably are safer now than before- oh and if the frontrunning is OK because well, he’s basically taking a loss, again, the money I lost here isn’t comparable to the kp3r rewards received, so again I completely fail to see any ‘malicious behavior’ on my part, neither in somehow harming the community or enriching myself