This is a proposal by the Core contributors to evolve the token economics of the Alluo protocol to its next version.
The proposed evolution of the tokenomics is as follows:
- Convert all the protocol revenue to CVX
- Send this CVX to a rewards vault that the
- Add this CVX to the CVX/ETH Curve pool (which gives CVX/ETH Curve LPs in return)
- Stake these CVX/ETH Curve LPs on Convex for more CRV and CVX rewards (currently 26.55%)
- At regular intervals (initially every 2 weeks), convert the CRV rewards above for more CVX and send all the CVX earned to the rewards vault as described in step 2 above (this creates a boosting loop)
The full proposal can be found here: https://blog.alluo.io/alluo-tokenomics-v2-3ff53bebcf8d