[Curve] Ownership DAO Vote ID: 1431
AI summary
This proposal seeks to add a new 'gauge' to Curve Finance for the ftUSD/USDC liquidity pool. A gauge is a mechanism that allows liquidity providers to earn CRV token rewards for staking their liquidity. By adding this gauge, the ftUSD/USDC pool will become eligible for these rewards, which can incentivize more people to provide liquidity to it.
If this proposal passes, liquidity providers for the ftUSD/USDC pool on Curve Finance will be able to earn CRV token rewards, potentially increasing the pool's liquidity and stability. This benefits users of ftUSD and USDC by providing deeper liquidity, but does not directly impact the Aladdin DAO treasury or operations.
Voting results
🐳 Whale votes
1 vote > 5% VPFull proposal
Quorum: 10% veCLEV
Add a gauge for the following pool: ftUSD/USDC
Action 1
To: Curve Gauge Controller Function: AddGauge Gauge: 0x8aBf0A7e4B59acE59cb214fCB158285cD7Cf7C3F (https://etherscan.io/address/0x8aBf0A7e4B59acE59cb214fCB158285cD7Cf7C3F) Type: Unknown Type 10 Weight: 0 Is official gauge? ✅Yes!✅