[Curve] Ownership DAO Vote ID: 1460
AI summary
This proposal seeks to update several key parameters for the TricryptoUSDT pool on Curve, a decentralized exchange. Specifically, it will adjust the 'A' and 'gamma' parameters, which influence how the pool rebalances and manages liquidity, over a 14-day period. Additionally, it will significantly reduce various fee parameters, including 'mid_fee', 'out_fee', and 'fee_gamma', making trades within the pool cheaper. Finally, it will modify 'allowed_extra_profit' and 'adjustment_step' to fine-tune the pool's profit distribution and parameter adjustment mechanism.
If passed, this proposal will make the TricryptoUSDT pool more efficient and cost-effective for users by lowering trading fees. This could attract more liquidity and trading volume to the pool, benefiting liquidity providers through increased activity and traders through reduced costs. The changes to 'A' and 'gamma' aim to optimize the pool's stability and capital efficiency.
Voting results
🐳 Whale votes
0 votes > 5% VPFull proposal
Quorum: 6.44m CVX
[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 …