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# System prepended metadata

title: 'MIP94: Implement a feature to refund lost DAI accidentally sent to the DAI Contract Address'
tags: [Summaries]

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tags: Summaries
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# MIP94: Implement a feature to refund lost DAI accidentally sent to the DAI Contract Address

This is a summary of the contents of this proposal and its impact, from GovAlpha's perspective:

- This is a valid general MIP in accordance to the General MIP template.
- It proposes a refund mechanism so that those who accidentally send DAI to the DAI Contract Address may receive newly minted DAI.
- The author proposes a charge of 10% of the DAI amount to discourage abuse of the system.
- A discussion on technical solutions and how such a proposal needs to be made compatible with Emergency Shutdown is [here](https://forum.makerdao.com/t/implement-the-feature-to-refund-people-who-lost-money-sending-dai-to-the-dai-address/19223/14).
- This proposal has been assigned `High-Impact` based on the methodology listed [here](https://manual.makerdao.com/governance/off-chain/impact-estimations).

***Disclaimer: These summaries are intended to be a guide and not a source of truth. You remain responsible for any actions you take on the grounds of this information. Please note the date when the summary was last updated to judge accuracy.***

*Updated 2022-12-30*