[Convex] Authorize Future Activation of Convex On-Chain Voting
AI summary
This proposal seeks to authorize the future activation of an on-chain voting system for Convex, a decentralized finance protocol. Currently, Convex uses Snapshot for governance, which is off-chain. The new system, detailed in the `convex-eth/voting` repository, aims to move governance participation and vote aggregation directly onto the blockchain, making it more transparent and verifiable. This proposal gives advance approval to turn on the new system once the necessary smart contracts are deployed, configured, and the user interface is updated to support it.
If passed, Convex will transition from off-chain Snapshot voting to an on-chain system once technical prerequisites are met. This will enhance transparency and verifiability for all Convex governance decisions, benefiting all token holders by making the process more robust. There are no direct financial implications or changes to tokenomics.
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[Convex] Authorize Future Activation of Convex On-Chain Voting
Summary
- Authorize Convex to turn on on-chain voting once the voting contracts have been deployed and the UI has been updated.
- Confirm community support for moving Convex governance toward the on-chain voting system described in the
convex-eth/votingrepository.
Abstract
Convex has developed on-chain voting infrastructure for vlCVX holders and delegates, described in the convex-eth/voting repository. The system is intended to support on-chain DAO voting and gauge voting acros…