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[Curve] Ownership DAO Vote ID: 1422

By 0x7240…b5Bf·3h left
🟠 MEDIUM
AI Summary
Plain-English read of the proposal — link to the full text below.

This proposal aims to adjust parameters and deprecate certain markets within Curve's Llamalend V1 lending platform. It sets a 50% loan discount on 13 Llamalend markets, modifies the monetary policy for 3 markets with bad debt (UwU, sDOLA, wstUSR) to a near 0% interest rate, and changes the monetary policy for 10 idle markets (ycvxCRV, sFRAX, tBTC, ynETHx, ynETH, pufETH, sDOLA, USDe, ETHFI, PROS) to a ramping interest rate from 10% to 100% over a year. Additionally, it will remove incentives (kill gauges) for 7 of these markets.

Impact: If passed, this proposal will restructure the risk and reward profiles for users of the affected Llamalend V1 markets, potentially making it easier to repay bad debt in some markets while increasing borrowing costs in others. Users of the markets with killed gauges will no longer receive incentives.

Read full proposal on Snapshot ↗
Full proposal
Original markdown from Convex

Quorum: 6.60m CVX

[Ethereum - LlamalendV1 Housekeeping 2/2] Set loan_discount to 50% on 13 v1 Llamalend markets and swap monetary policy on all 13: 3 bad-debt markets (UwU, sDOLA, wstUSR) to a flat ~0% SemiLog MP and 10 idle markets (ycvxCRV, sFRAX, tBTC, ynETHx, ynETH, pufETH, sDOLA, USDe, ETHFI, PROS) to a singleton FlatLinearMonPol (10%->100%/1yr ramp); kill 7 market gauges (sDOLA, sFRAX, tBTC, ynETHx, ynETH, pufETH, USDe). Rationale: https://gov.curve.finance/t/llamalend-v1-market-deprecation-plan/11075

Action 1

To: Unknown 0xb7400D2EA0f6DC1d7b153aA430B9E572F28afB79 (ht…

Voting results
yes14.78M (100.0%)
no0 (0.0%)
14.78M CVX voted · 8 voters
🐳 Whale votes
2 votes > 5% VP
0x52ea…87dc
2d ago
9.46M
64.0% · yes
0x947b…0277
1d ago
5.27M
35.7% · yes