[Curve] Ownership DAO Vote ID: 1469
AI summary
This proposal seeks to adjust a parameter called 'Ramp A' for two specific liquidity pools on the Curve platform: FIDD/USDC and FIDD/USDT stableswap-NG pools. 'Ramp A' is a mechanism that controls how quickly the 'A' parameter, which determines the sensitivity of the exchange rate in a stableswap pool, changes over time. The proposal aims to increase this 'Ramp A' value from 1000 to 3000 over a one-week period for both pools.
If this proposal passes, the FIDD/USDC and FIDD/USDT stableswap-NG pools will experience a faster adjustment of their 'A' parameter, potentially leading to more stable exchange rates within these pools. This could benefit liquidity providers and traders using these specific pools by reducing slippage and improving overall efficiency. There are no direct financial allocations or losses to the Convex treasury.
Voting results
🐳 Whale votes
1 vote > 5% VPFull proposal
Quorum: 6.57m CVX
Ramp A up for FIDD/USDC and FIDD/USDT stableswap-NG pools from 1000 to 3000 over 1 week.
Action 1
To: Unknown 0xE47E8Ced9D94AA43C922627782E29b41a93202AF (https://etherscan.io/address/0xE47E8Ced9D94AA43C922627782E29b41a93202AF) Calldata: 0x3c157e640000000000000000000000000000000000000000000000000000000000000bb8000000000000000000000000000000000000000000000000000000006a7c4e57
Action 2
To: Unknown 0x8273Cb2cF9AF3228fD14AF25B5B1De2A9676C372 (https://etherscan.io/address/0x8273Cb2cF9AF3228fD14AF25B5B1De2A9676C372) Calldata: 0x3c157e64000000000000000…