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Olympus PolicyOlympus Policyby0xB936Ab7902A5d8083915c03f60eb0033678dA8150xB936…A815

Use Convex Rewards to Acquire veBAL/ AURA

Voting ended over 3 years agoSucceeded

Summary: Acquire an initial Balancer Governance Power through Aura acquisition.

Proposal: Use Convex rewards to fund Aura purchase. Those rewards are valued at around $450K at this time. Aura is currently 85% more efficient than veBAL in terms of governance power controlled per $ spent.

Note that CRV rewards will be locked into $CVXCRV , resulting in a 5% loss of value. This will help Olympus mitigate risks of being considered a parasitic farmer by Convex Team.

Off-Chain Vote

Buy Aura with Convex Rewards
5 vote100%
Do not buy Aura
0 vote0%
Download mobile app to vote

Timeline

Sep 19, 2022Proposal created
Sep 19, 2022Proposal vote started
Sep 22, 2022Proposal vote ended
Oct 26, 2023Proposal updated