[Curve] Ownership DAO Vote ID: 1461
AI summary
This proposal seeks to activate a new lending market on Llamalend V2, a decentralized lending platform. Specifically, it will enable borrowing and lending of 'syrupUSDC-crvUSD' on the Ethereum mainnet. The proposal sets a borrow cap of 51.8 million crvUSD (Curve DAO's stablecoin) and an administrative fee of 10%. Additionally, it will add a new gauge to the Curve Gauge Controller, which is a mechanism used to direct rewards to liquidity pools.
If passed, this proposal will expand the lending options available on Llamalend V2, potentially increasing the utility and demand for crvUSD. Users will be able to borrow up to 51.8 million crvUSD against syrupUSDC collateral, and the Curve DAO will earn a 10% administrative fee on this market. The addition of a new gauge could also influence how liquidity incentives are distributed across the Curve ecosystem.
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: 6.45m CVX
Activate syrupUSDC-crvUSD Llamalend V2 market on ETH mainnet by setting borrow cap 51.8M crvUSD, admin fee percentage 10% and add gauge in gauge controller.
Action 1
To: Unknown 0x6065858d0eF0AA240DFdf6f1A0B2ae34B41f49bC (https://etherscan.io/address/0x6065858d0eF0AA240DFdf6f1A0B2ae34B41f49bC) Calldata: 0x1d89f9bf0000000000000000000000002fb54c8eae57767a9a509a395b9c4fa0702e26750000000000000000000000000000000000000000002ad913a071ddaec7000000
Action 2
To: Unknown 0x6065858d0eF0AA240DFdf6f1A0B2ae34B41f49bC (https://etherscan.io/address/0x6065858d0…