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[WIP #14.1] Vote on Convex Position

Voting ended over 3 years agoSucceeded

Scope: This is a vote to for a DAO to make a decision on the CVX position currently held by the treasury.

This vote is running parallel in timing to WIP 14, and actioning this WIP is contingent that WIP 14 passes.

Previous Discussions: https://www.wonderlandforum.xyz/t/wip-14-dao-direct-governance-over-specific-treasury-actions-and-strategy/18831

Objective: The objective of this proposal is to have the staked CVX position, when available to be un-staked from the vault be:

  1. Un-staked and then
  2. Liquidated

Overview / Background / Details: The community has expressed since April the conflict of interest over Convex and its gauge voting activity with Abracadabra.

In order to clear this conflict, there has been desire from the community to liquidate the position. Therefore, this WIP is being proposed contingent on WIP 14 passing.

This is entirely can be executed by the Treasury Manager, thus no technical requirements are needed.

Note that the unlock schedule for CVX is: 829,400 CVX on July 21st, 2022 291,000 CVX on August 4th, 2022

Off-Chain Vote

Yes, Liquidate the CVX position
29.57K TIME92.4%
No, make no changes
2.42K TIME7.6%
Quorum:640%
Download mobile app to vote

Timeline

Jul 13, 2022Proposal created
Jul 13, 2022Proposal vote started
Jul 20, 2022Proposal vote ended
Oct 26, 2023Proposal updated