[Curve] Ownership DAO Vote ID: 1444
AI summary
This proposal asks Convex token holders to approve adding a new 'gauge' on Curve Finance for the rETH/crvUSD trading pool. A gauge is a mechanism that directs CRV token emissions (rewards) to specific liquidity pools, incentivizing users to provide liquidity there. By adding this gauge, the rETH/crvUSD pool would become eligible to receive these CRV rewards.
If this proposal passes, the rETH/crvUSD pool on Curve Finance will be able to receive CRV token rewards, which could attract more liquidity providers to that specific pool. This benefits users who provide liquidity to the rETH/crvUSD pool by offering them additional incentives, and potentially benefits the overall Curve ecosystem by increasing liquidity for these assets. There are no direct financial losses to any specific group.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
6 votes > 5% VPFull proposal
Quorum: 6.66m CVX
Add a gauge for the following pool: rETH/crvUSD
Action 1
To: Curve Gauge Controller Function: AddGauge Gauge: 0x98523f5915a9364f6F3690C7595c2fa412Ad29E4 (https://etherscan.io/address/0x98523f5915a9364f6F3690C7595c2fa412Ad29E4) Type: Ethereum Chain Weight: 0 Is official gauge? ✅Yes!✅