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BadgerDAOBadgerDAOby0x592F75a830Fd400C4f308388FDd6FEad5351e20a0x592F…e20a

BIP 87. bveCVX restructure

Voting ended about 4 years agoSucceeded

TL;DR:

  • Change bveCVX voting strategy to selling bribes by default, with an option to strategically replace bribe selling with emissions if deemed reasonable by the Council.
  • Take the following fees in vote weight: 5% to support DAO operations 5% to support bveCVX/CVX LP emissions 5% to support BADGER/WBTC CVX & CRV yield
  • Rewards from the bribe selling would be distributed in 75% bveCVX / 25% Badger.
  • bveCVX would keep participating in the Boost as native balance per BIP 85 3 and also would become available as collateral on Rari while keeping the rewards and the Boost power.
  • Stop distributing Badger and cvxCRV from the emissions schedule to bveCVX unless it’s deemed cost-efficient to buy the vote weight from it.

Forum: https://forum.badger.finance/t/bip-87-bvecvx-restructure-voting-strategy-and-emissions-revised-with-community-feedback/5521 RFF: https://discord.com/channels/743271185751474307/899812443201626192/949853044093366313

Off-Chain Vote

Approve
131.52K 98.6%
Reject
1.91K 1.4%
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Timeline

Mar 17, 2022Proposal created
Mar 17, 2022Proposal vote started
Mar 19, 2022Proposal vote ended
Oct 26, 2023Proposal updated