[Curve] Ownership DAO Vote ID: 1427
This proposal seeks to add a new gauge for the VUSD/hemiBTC liquidity pool on Curve. A gauge is a mechanism that allows liquidity providers to earn CRV token rewards for staking their liquidity pool tokens. If approved, this new gauge will be officially recognized and will have a weight of 0, meaning it won't immediately distribute CRV rewards but can be adjusted later.
Impact: If this proposal passes, the VUSD/hemiBTC pool will become eligible to receive CRV emissions, potentially attracting more liquidity to this specific pool. This benefits liquidity providers in the VUSD/hemiBTC pool by offering them an additional incentive to provide liquidity. There is no direct financial cost to the Convex treasury.
Read full proposal on Snapshot ↗Quorum: 6.60m CVX
Add a gauge for the following pool: VUSD/hemiBTC
Action 1
To: Curve Gauge Controller Function: AddGauge Gauge: 0x5B933Fc47431795a0c2eb8D183BEAE9722e1fD83 (https://etherscan.io/address/0x5B933Fc47431795a0c2eb8D183BEAE9722e1fD83) Type: Unknown Type 10 Weight: 0 Is official gauge? ✅Yes!✅