[Curve] Ownership DAO Vote ID: 1429
AI summary
This proposal from Convex Finance, a platform that boosts rewards for Curve Finance users, asks to adjust a parameter called 'A' for the sUSG/reUSDe liquidity pool on Curve. The 'A' parameter, also known as the amplification coefficient, affects how stable the prices are within a liquidity pool. Specifically, it proposes to decrease 'A' from 500 to 50 over a two-week period.
If this proposal passes, the sUSG/reUSDe pool on Curve will become less sensitive to price changes, potentially making it less attractive for arbitrageurs but more stable for liquidity providers. The direct financial impact on Convex or its users cannot be determined from the provided information, as it's a technical parameter adjustment on an underlying protocol.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Quorum: 6.67m CVX
Ramp A down for sUSG/reUSDe pool from 500 to 50 over 2 weeks.
Action 1
To: Unknown 0x2CBBFC9BD710C689CF3eC20b95FCf1dd1336b648 (https://etherscan.io/address/0x2CBBFC9BD710C689CF3eC20b95FCf1dd1336b648) Calldata: 0x3c157e640000000000000000000000000000000000000000000000000000000000000032000000000000000000000000000000000000000000000000000000006a3d7257