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BadgerDAOBadgerDAOby0x592F75a830Fd400C4f308388FDd6FEad5351e20a0x592F…e20a

BIP 70. blCVX Badger emissions restructure: pro-rata rewards.

Voting ended over 4 years agoSucceeded

The proposal is to switch Badger rewards from Boosted to Pro-rata on the Badger Locked CVX Sett with the open launch this week, and stop counting the blCVX deposits as the non-native balance in the Boost calculation.

This would mean that all depositors would be receiving the same APR in both Badger and cvxCRV emissions that are allocated to the Sett.

With blCVX not being counted as non-native balance, Sett depositors would still be able to utilize their Boost power on other non-native Setts, while getting the Badger & bcvxCRV bonus from being in blCVX. And it would also make the Sett more attractive for users with smaller Stake Ratios and to new depositors, all while ensuring that the DAO gets as much CVX voting power as possible to vote on Bitcoin pools rewards on Curve+Convex.

Link to Discussions: https://discord.gg/77X9bVnBeg

Off-Chain Vote

For
239.76K 88.2%
Against
32.17K 11.8%
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Timeline

Oct 03, 2021Proposal created
Oct 03, 2021Proposal vote started
Oct 05, 2021Proposal vote ended
Oct 26, 2023Proposal updated