[Curve] Ownership DAO Vote ID: 1460
AI summary
This proposal seeks to adjust several key parameters for the TricryptoUSDT pool on Curve, a decentralized exchange. These parameters, including 'A' (amplification coefficient), 'gamma', 'mid_fee', 'out_fee', 'fee_gamma', 'allowed_extra_profit', and 'adjustment_step', influence how the pool balances assets, manages risk, and charges fees. The changes are significant reductions for most fee-related parameters and 'A' and 'gamma', while 'adjustment_step' is increased. These changes will be implemented over 14 days.
If this proposal passes, the TricryptoUSDT pool will operate with significantly lower fees and adjusted risk management parameters, potentially making it more attractive for users to trade and provide liquidity. This could benefit traders through reduced costs and potentially increase the pool's volume, but the exact impact on liquidity providers' profitability is not explicitly stated and cannot be determined from the provided information.
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…