[Curve] Ownership DAO Vote ID: 1457
AI summary
This proposal seeks to update several key parameters for the TricryptoUSDT pool on Curve, a decentralized exchange. Specifically, it will adjust the 'A' and 'gamma' parameters, which influence how the pool rebalances and manages liquidity, over a 14-day period. Additionally, it will significantly reduce various fees associated with the pool, including the mid-fee, out-fee, and fee_gamma. Finally, it will modify 'allowed_extra_profit' and 'adjustment_step' parameters, which are related to profit distribution and rebalancing mechanisms.
If this proposal passes, the TricryptoUSDT pool will have lower trading fees and adjusted liquidity management settings. This could make the pool more attractive to traders due to reduced costs and potentially improve its stability and efficiency for liquidity providers. The changes are intended to optimize the pool's performance.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Quorum: 10% veCLEV
[OWNERSHIP] Update TricryptoUSDT (USDT/WBTC/WETH, 0xf5f5...e2b4) parameters. Ramp A 1,512,000 -> 344,520 (0.228x) and gamma 507,150,000,000,000 -> 126,562,100,000,000 (0.250x) over 14 days. Commit new fees: mid_fee 22,000,000 -> 207,000 (0.0094x), out_fee 296,800,000 -> 69,314,000 (0.234x), fee_gamma 72,000,000,000,000 -> 4,920,000,000,000 (0.068x). allowed_extra_profit 100,000,000 -> 48,200,000 (0.482x) and adjustment_step 100,000,000,000 -> 1,004,800,000,000 (10.048x). apply_new_parameters() callable by anyone after the 3-day delay.
Action 1
To: Unknown…