[Curve] Ownership DAO Vote ID: 1461
AI summary
This proposal seeks to activate a new lending market on Llamalend V2, a decentralized lending platform, specifically for the syrupUSDC-crvUSD pair on the Ethereum mainnet. It proposes setting a borrow cap of 51.8 million crvUSD (Curve's stablecoin) and an administrative fee of 10%. Additionally, it aims to add a gauge for this new market to the Curve Gauge Controller, which is a system that directs rewards to different liquidity pools.
If passed, this proposal will expand the lending options available on Llamalend V2, potentially increasing liquidity and utility for syrupUSDC and crvUSD holders. It could benefit users looking to borrow or lend these specific assets, while the 10% admin fee will generate revenue for the protocol. The 'no' vote on the 'Is official gauge?' field might indicate a non-standard integration, which could have unforeseen consequences.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Quorum: 10% veCLEV
Activate syrupUSDC-crvUSD Llamalend V2 market on ETH mainnet by setting borrow cap 51.8M crvUSD, admin fee percentage 10% and add gauge in gauge controller.
Action 1
To: Unknown 0x6065858d0eF0AA240DFdf6f1A0B2ae34B41f49bC (https://etherscan.io/address/0x6065858d0eF0AA240DFdf6f1A0B2ae34B41f49bC) Calldata: 0x1d89f9bf0000000000000000000000002fb54c8eae57767a9a509a395b9c4fa0702e26750000000000000000000000000000000000000000002ad913a071ddaec7000000
Action 2
To: Unknown 0x6065858d0eF0AA240DFdf6f1A0B2ae34B41f49bC (https://etherscan.io/address/0x6065858d…