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JUSTICE. Families of drug war victims watch the confirmation of charges hearing. Photo courtesy of iDEFENDJUSTICE. Families of drug war victims watch the confirmation of charges hearing. Photo courtesy of iDEFEND
‘Sana mabulok siya sa kulungan’: Families of slain children welcome Duterte ICC trial
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MANILA, Philippines – The upcoming International Criminal Court (ICC) trial of former president Rodrigo Duterte opened an opportunity for families to once again push back against claims that children killed in the drug war were mere collateral damage.
“Salamat sa Diyos. Sana tuloy-tuloy na ito upang tuluyan nang mabigyan ng hustisya ang pamilya ko at ng iba pang biktima,” said Grace (not her real name). “Sana mabulok na siya sa kulungan.”
(Thank God! I hope this continues so that my family and other victims can finally receive justice. I hope he rots in prison.)
Grace’s daughter was 16 years old when she was killed in 2017. Beside the lifeless body of the fourth-year high school student was a cardboard sign bearing the words “Huwag tularan” (Do not emulate). Witnesses later told Grace that her daughter had been taken into police custody prior to the incident.
She was just one of the 150 deaths of minors documented by the Children’s Legal Rights and Development Center (CLRDC) from 2016 to 2022, including 122 during Duterte’s first three years in office. The group, however, noted that the actual number could be higher.
“Duterte and his co-perpetrators maintain that the children killed are merely collateral damage,” CLRDC said. “However, there is strong evidence shown by the ICC to prove a widespread and systematic attack against the victims.”
In 2019, following the death of a three-year-old girl, Senator Ronald “Bato” dela Rosa said that collateral damage can occur during legitimate police operations, adding that it is “an imperfect world… shit happens.”
Dela Rosa, who served as Duterte’s first Philippine National Police (PNP) chief and is widely described as the architect of the war on drugs, is now reported to be in hiding amid speculation that he could be among the subjects of possible arrest warrants from the ICC.
Duterte is going to face trial before the ICC after its chamber on Thursday, April 23, unanimously confirms all charges against him in relation to the war on drugs. The pre-trial chamber, in its decision, said that there “are substantial grounds to believe that Mr Duterte is criminally responsible for the crimes.”
JUSTICE. Families of drug war victims watch the confirmation of charges hearing. Photo courtesy of iDEFEND
Focus on victims, families’ well-being
Government data shows that at least 6,252 people had died at the hands of the police during anti-illegal drug operations as of May 31, 2022. This tally does not include victims of vigilante-style killings, which human rights groups estimate to pull the number up to around 30,000.
Documents obtained by Rappler, however, show that the PNP already recorded 7,884 deaths between July 1, 2016, and August 31, 2020.
CLRDC, working closely with In Defense of Human Rights and Dignity Movement (iDEFEND), had previously submitted communications and documented findings to the ICC. Their submissions highlighted the impact of the drug war on children and their families.
Jun Jun was only eight years old when his father and uncle were killed by police. Now 18, he said the ICC decision committing Duterte to trial brought a sense of relief, as if years of struggle and loss were finally being acknowledged.
“Nagkamali at nakagawa siya ng kasalanan [kaya] kailangan niyang harapin at managot siya sa pagkakamali niya,” he said. (He is at fault and committed a wrongdoing, so he needs to face it and be held accountable for his actions.)
iDEFEND spokesperson Judy Pasimio said they will be working closely with the families of victims to ensure their security, safety, and well-being. Many of them have been subjected to trauma and harassment at the hands of police and supporters of Duterte in their pursuit of justice for their loved ones.
The next step will be for the ICC to constitute a trial chamber. There is still no exact date for when the trial will begin, but data from other ICC cases suggest the way could be as short as six months or as long as two years.
The ICC must now ensure that victims are able to participate in the trial and are protected, according to Amnesty International Philippines, following the “historic moment” that shows “justice may be slow in coming, but it cannot be delayed forever.”
“Efforts must stop at nothing to ensure that all those individually responsible for crimes under international law and grave human rights violations are held accountable, whether in the Philippines or at the ICC,” Amnesty director Ritz Lee Santos III added.
Rights group Karapatan, meanwhile, said the ICC decision is the “most recent vindication of the Filipino people’s efforts to uphold and pursue justice and accountability for the killings of thousands under Duterte’s bloody regime.” – Rappler.com
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Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders
BitcoinWorld Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders The dynamic world of decentralized finance (DeFi) is constantly evolving, bringing forth new opportunities and innovations. A significant development is currently unfolding at Curve Finance, a leading decentralized exchange (DEX). Its founder, Michael Egorov, has put forth an exciting proposal designed to offer a more direct path for token holders to earn revenue. This initiative, centered around a new Curve Finance revenue sharing model, aims to bolster the value for those actively participating in the protocol’s governance. What is the “Yield Basis” Proposal and How Does it Work? At the core of this forward-thinking initiative is a new protocol dubbed Yield Basis. Michael Egorov introduced this concept on the CurveDAO governance forum, outlining a mechanism to distribute sustainable profits directly to CRV holders. Specifically, it targets those who stake their CRV tokens to gain veCRV, which are essential for governance participation within the Curve ecosystem. Let’s break down the initial steps of this innovative proposal: crvUSD Issuance: Before the Yield Basis protocol goes live, $60 million in crvUSD will be issued. Strategic Fund Allocation: The funds generated from the sale of these crvUSD tokens will be strategically deployed into three distinct Bitcoin-based liquidity pools: WBTC, cbBTC, and tBTC. Pool Capping: To ensure balanced risk and diversified exposure, each of these pools will be capped at $10 million. This carefully designed structure aims to establish a robust and consistent income stream, forming the bedrock of a sustainable Curve Finance revenue sharing mechanism. Why is This Curve Finance Revenue Sharing Significant for CRV Holders? This proposal marks a pivotal moment for CRV holders, particularly those dedicated to the long-term health and governance of Curve Finance. Historically, generating revenue for token holders in the DeFi space can often be complex. The Yield Basis proposal simplifies this by offering a more direct and transparent pathway to earnings. By staking CRV for veCRV, holders are not merely engaging in governance; they are now directly positioned to benefit from the protocol’s overall success. The significance of this development is multifaceted: Direct Profit Distribution: veCRV holders are set to receive a substantial share of the profits generated by the Yield Basis protocol. Incentivized Governance: This direct financial incentive encourages more users to stake their CRV, which in turn strengthens the protocol’s decentralized governance structure. Enhanced Value Proposition: The promise of sustainable revenue sharing could significantly boost the inherent value of holding and staking CRV tokens. Ultimately, this move underscores Curve Finance’s dedication to rewarding its committed community and ensuring the long-term vitality of its ecosystem through effective Curve Finance revenue sharing. Understanding the Mechanics: Profit Distribution and Ecosystem Support The distribution model for Yield Basis has been thoughtfully crafted to strike a balance between rewarding veCRV holders and supporting the wider Curve ecosystem. Under the terms of the proposal, a substantial portion of the value generated by Yield Basis will flow back to those who contribute to the protocol’s governance. Returns for veCRV Holders: A significant share, specifically between 35% and 65% of the value generated by Yield Basis, will be distributed to veCRV holders. This flexible range allows for dynamic adjustments based on market conditions and the protocol’s performance. Ecosystem Reserve: Crucially, 25% of the Yield Basis tokens will be reserved exclusively for the Curve ecosystem. This allocation can be utilized for various strategic purposes, such as funding ongoing development, issuing grants, or further incentivizing liquidity providers. This ensures the continuous growth and innovation of the platform. The proposal is currently undergoing a democratic vote on the CurveDAO governance forum, giving the community a direct voice in shaping the future of Curve Finance revenue sharing. The voting period is scheduled to conclude on September 24th. What’s Next for Curve Finance and CRV Holders? The proposed Yield Basis protocol represents a pioneering approach to sustainable revenue generation and community incentivization within the DeFi landscape. If approved by the community, this Curve Finance revenue sharing model has the potential to establish a new benchmark for how decentralized exchanges reward their most dedicated participants. It aims to foster a more robust and engaged community by directly linking governance participation with tangible financial benefits. This strategic move by Michael Egorov and the Curve Finance team highlights a strong commitment to innovation and strengthening the decentralized nature of the protocol. For CRV holders, a thorough understanding of this proposal is crucial for making informed decisions regarding their staking strategies and overall engagement with one of DeFi’s foundational platforms. FAQs about Curve Finance Revenue Sharing Q1: What is the main goal of the Yield Basis proposal? A1: The primary goal is to establish a more direct and sustainable way for CRV token holders who stake their tokens (receiving veCRV) to earn revenue from the Curve Finance protocol. Q2: How will funds be generated for the Yield Basis protocol? A2: Initially, $60 million in crvUSD will be issued and sold. The funds from this sale will then be allocated to three Bitcoin-based pools (WBTC, cbBTC, and tBTC), with each pool capped at $10 million, to generate profits. Q3: Who benefits from the Yield Basis revenue sharing? A3: The proposal states that between 35% and 65% of the value generated by Yield Basis will be returned to veCRV holders, who are CRV stakers participating in governance. Q4: What is the purpose of the 25% reserve for the Curve ecosystem? A4: This 25% reserve of Yield Basis tokens is intended to support the broader Curve ecosystem, potentially funding development, grants, or other initiatives that contribute to the platform’s growth and sustainability. Q5: When is the vote on the Yield Basis proposal? A5: A vote on the proposal is currently underway on the CurveDAO governance forum and is scheduled to run until September 24th. If you found this article insightful and valuable, please consider sharing it with your friends, colleagues, and followers on social media! Your support helps us continue to deliver important DeFi insights and analysis to a wider audience. To learn more about the latest DeFi market trends, explore our article on key developments shaping decentralized finance institutional adoption. This post Unlocking Massive Value: Curve Finance Revenue Sharing Proposal for CRV Holders first appeared on BitcoinWorld.
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