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Stargate · closed proposal

SIP #4 - Stake PoL STG/USDC LP

0xE2D4…4709·ended 4y ago·Discussion ↗
Voters
1,561
STG voted
8.18M
≈$1.36M
Token price
$0.17

AI summary

Summary pending — generation runs every 15 minutes.

Voting results

Quorum
8.18M / 7.39M STG(111%)
✓ Quorum met
To Stake8.15M (99.7%)
or Not to Stake25.79K (0.3%)
8.18M STG · ≈$1.36M · 1561 votersblock 14807906

🐳 Whale votes

0 votes > 5% VP
No whale votes on this proposal.

Full proposal

Original markdown · Stargate

STG/USDC LP isn’t staked in any Curve/Convex gauge, and therefore the protocol is not receiving any CRV rewards.

Solution:

  • Stake our current LP share in Convex to maximize earning potential for the DAO.
  • Claim rewards on a weekly basis.
  • Lock in a liquid locker or simple locker CRV rewards to redirect our vote back to the STG/USDC pool.
  • Lock for vlCVX rewards and vote on our own pool.
  • Stake any cvxCRV accrued by CVX rewards into Convex with the rewards re-buy CRV to re-lock and amplify rewards to our own pool.
  • Any rewards accrued in the form of 3crv should be used to re-buy CRV or …

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