[Emergency vote] unwind MIM+3CRV position given market volatility
In the last governance vote, we allocated 41.71% of the total deposits in our USD farm to the Curve/Cvx - Mim+3crv pool.
Given the low liquidity of MIM in the Curve and the current FUD around FTX/Alameda being insolvent I am proposing to completely exit the MIM/3CRV pool and allocate all the funds to the FRAX/USDC pool.
Our current exposure is over $550K we have less than $10k of loss so far.
Off-Chain Vote
Yes, I support this
296.63K vlALLUO100%
No, I do not support this
0 vlALLUO0%
Timeline
Nov 08, 2022Proposal created
Nov 08, 2022Proposal vote started
Nov 08, 2022Proposal vote ended
Oct 26, 2023Proposal updated