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Bent FinanceBent Financeby0x8200d84590eCeb10C6471268930e2924F34e3D69bentvote.eth

[PRISMA] [PIP-011] Increase CurveProxy.crvFeePct to 50%

Voting ended over 2 years agoSucceeded

Quorum: 7.86m CVX

Since the launch of Prisma, the DAO’s veCRV position has only grown by 10,411.41 CRV. Currently the CRV emissions for LP receivers are very small, usually less than 1%. I believe that right now depositors are attracted to PRISMA and not CRV, and so a substantial increase in the fee will not have a negative effect on TVL.

PRISMA emissions will not stay high forever. In this initial period with such high emissions, I feel the DAO should be capturing as much CRV as possible for itself. In the future when yields decrease, we can lower the fee, and we will be glad to have extra veCRV to vote for more emissions for Prisma!

Read more: https://gov.prismafinance.com/t/pip-011-increase-curveproxy-crvfeepct-to-50/79

Off-Chain Vote

Increase to 100%
38.12K weBENT50%
Increase to 50%
38.12K weBENT50%
No Change (leave at 5%)
0 weBENT0%
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Timeline

Nov 25, 2023Proposal created
Nov 25, 2023Proposal vote started
Nov 28, 2023Proposal vote ended
Mar 22, 2024Proposal updated