[Curve] Ownership DAO Vote ID: 1437
AI summary
This proposal asks the Convex DAO to vote on a Curve DAO proposal (ID 1437) to add a new 'veFunder fundraising gauge' to the Curve GaugeController. This gauge would direct up to 5,000,000 CRV tokens to a specific address (0xF90C888E3bB5e9fc90418e72cD2e2bcCFE358628) to help compensate users who lost funds during the sDOLA incident. The gauge is not marked as an 'official' gauge.
If this proposal passes, Convex, by voting 'yes' on Curve's proposal, would support the creation of a mechanism to distribute up to 5,000,000 CRV (approximately $2.5 million at current prices) to sDOLA incident victims. This benefits those affected by the sDOLA incident by providing remediation, while potentially diluting the value of CRV for existing holders due to increased emissions.
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
Add a veFunder fundraising gauge (0x93B823e54959635ccAbfcf1B313B2Ad2785BFe95) to the GaugeController with max emissions up to 5,000,000 CRV, directed to 0xF90C888E3bB5e9fc90418e72cD2e2bcCFE358628. Funds remediation for borrowers liquidated in the sDOLA incident. Rationale: https://gov.curve.finance/t/sdola-borrowers-remediation-donation-gauge/11094
Action 1
To: Curve Gauge Controller Function: AddGauge Gauge: 0x93B823e54959635ccAbfcf1B313B2Ad2785BFe95 (https://etherscan.io/address/0x93B823e54959635ccAbfcf1B313B2Ad2785BFe95) Type: Unknown Type 10 Weight: 0 …