[Curve] Ownership DAO Vote ID: 1429
AI summary
This proposal seeks to adjust a parameter called 'Ramp A' for the sUSG/reUSDe liquidity pool on Curve, reducing it from 500 to 50 over a two-week period. 'Ramp A' refers to a mechanism that controls how quickly the exchange rate between two assets in a liquidity pool can change, helping to maintain stability. This specific adjustment aims to decrease the volatility or impermanent loss risk within this particular pool.
If this proposal passes, the sUSG/reUSDe pool will experience a more gradual adjustment to price changes, potentially benefiting liquidity providers by reducing impermanent loss. The impact on traders or the broader Aladdin DAO ecosystem cannot be determined from the provided information.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Quorum: 10% veCLEV
Ramp A down for sUSG/reUSDe pool from 500 to 50 over 2 weeks.
Action 1
To: Unknown 0x2CBBFC9BD710C689CF3eC20b95FCf1dd1336b648 (https://etherscan.io/address/0x2CBBFC9BD710C689CF3eC20b95FCf1dd1336b648) Calldata: 0x3c157e640000000000000000000000000000000000000000000000000000000000000032000000000000000000000000000000000000000000000000000000006a3d7257