[Curve] Ownership DAO Vote ID: 1436
AI summary
This proposal seeks to activate three new lending markets on Optimism for Llamalend v2, a decentralized lending protocol. It will set specific borrowing limits (borrow caps) for wstETH/WETH, WBTC/USDC, and wstETH/USDC pairs. Additionally, an administration fee of 1% will be introduced for all three markets, up from the current 0%.
If passed, users will be able to borrow and lend these specific asset pairs on Optimism through Llamalend v2, expanding the available DeFi options. The 1% admin fee will generate revenue for the protocol, which could benefit token holders or be used for further development. The borrow caps are designed to manage risk within the new markets.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
2 votes > 5% VPFull proposal
Quorum: 6.79m CVX
[Optimism] Activate 3 Llamalend v2 markets via the Configurator (0xd36c590531cAF5F620C57Faf5827Ce8E7f6E5Bec): by setting borrow caps and admin fee percentage on each controller. wstETH/WETH (0x745422BF49f3F6e4A8E12E4abD19339E7910F8C9): borrow cap of 824 WETH; WBTC/USDC (0x9fC15ac3EF97093832f49B7997A58E29b49C56dE): borrow cap of 4,380,000 USDC; wstETH/USDC (0xb5EC7A3D591877A66BE4f3eafdC4205E98A1BCAA): borrow cap of 2,660,000 USDC; admin fee from 0% -> 1% on all three. Rationale: https://gov.curve.finance/t/activating-the-first-llamalend-v2-markets-on-optimism-borrow-caps-a…