[Curve] Ownership DAO Vote ID: 1451
AI summary
This proposal aims to activate new lending markets on Llamalend V2, a decentralized lending platform, for sDOLA and sfrxUSD collateral using crvUSD as the borrowed asset. It sets a borrow cap of 12.4 million crvUSD for sDOLA collateral and 28.4 million crvUSD for sfrxUSD collateral. Additionally, an administrative fee of 10% will be applied to these new markets.
If this proposal passes, users will be able to borrow crvUSD against sDOLA and sfrxUSD on Llamalend V2, expanding the utility of these assets and increasing liquidity within the Curve ecosystem. This benefits users holding sDOLA and sfrxUSD by providing more borrowing options, and the protocol by potentially increasing activity and fees. The 10% admin fee will generate revenue for the protocol.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Quorum: 10% veCLEV
Activate sDOLA-crvUSD and sfrxUSD-crvUSD Llamalend V2 markets on ETH mainnet by setting borrow cap (12.4M crvUSD cap for sDOLA collateral, 28.4M crvUSD cap for sfrxUSD collateral) and set admin fee percentage 10%.
Action 1
To: Unknown 0x6065858d0eF0AA240DFdf6f1A0B2ae34B41f49bC (https://etherscan.io/address/0x6065858d0eF0AA240DFdf6f1A0B2ae34B41f49bC) Calldata: 0x1d89f9bf000000000000000000000000c77d97cf01737eb7ace46cab7cd9f60ec51a40c00000000000000000000000000000000000000000000a41cd58d1204f66000000
Action 2
To: Unknown 0x6065858d0eF0AA240DFdf6f1…