[Curve] Ownership DAO Vote ID: 1451
AI summary
This proposal seeks to activate two new lending markets on the Curve protocol's Llamalend V2 platform on the Ethereum mainnet. Specifically, it will enable borrowing of crvUSD (Curve's stablecoin) using sDOLA and sfrxUSD as collateral. The proposal sets a borrow cap of 12.4 million crvUSD for sDOLA collateral and 28.4 million crvUSD for sfrxUSD collateral, and an admin fee of 10% for both markets.
If passed, this proposal will expand the utility of crvUSD and provide new avenues for users to leverage their sDOLA and sfrxUSD holdings. It could increase liquidity and trading volume within the Curve ecosystem, benefiting users who wish to borrow crvUSD against these assets and potentially increasing revenue for the protocol through admin fees. The risk of bad debt is mitigated by the set borrow caps.
Voting results
Votes over time
x-axis = % of voting window elapsed · y-axis = cumulative VP per choice
🐳 Whale votes
6 votes > 5% VPFull proposal
Quorum: 6.68m CVX
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 0x6065858d0eF0AA240DFdf6f1A…