Summary

Raise the limit on Prisma emission weight votes to a maximum of 20% for any vePrisma wrapper-based liquidity pools such as cvxPrisma/Prisma and yPrisma/Prisma.

Abstract

In order for Convex to better align its cvxPrisma vote to reflect a full 10% of all vePrisma votes, Convex proposes raising the limit set on the Convex vote to 20% per vePrisma wrapper. If any vePrisma wrapper emissions receiver receives more than 20% of Convex’s allocation, its vote will be redistributed proportionally to the other emissions receivers that received votes.

Motivation

To better reflect a possible full 10% of vePrisma votes and prevent overallocation of votes to vePrisma-wrapped token liquidity pools, Convex is proposing raising the weight limit to a maximum of 20% for any such pools.