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Badger veCVX Rewards VotingBadger veCVX Rewards Votingby0xf3Fc0aAE46D4917c022cd0abF1435493C9Ddf8cC0xf3Fc…f8cC

Convex DAO Vote: Revocation of Mochi's voting weight

Voting ended over 4 years agoSucceeded

TLDR: Vote to remove Mochi's vlCVX Vote Weight due to acquiring it via arguably illegitimate means.

Find more information at Convex's snapshot vote: https://vote.convexfinance.com/#/proposal/0x876b22a796ed985364252eb1b901ca6ac5a75962092a2d6e616fe746ebcd1141

The Convex DAO can either:

• Take action, revoking Mochi’s vlCVX voting power from having any weight in Convex proposals.
• NOT take action, and allow the vlCVX to participate in governance votes.

Pros of taking action:

• Removes the ill-acquired vlCVX from voting in proposals and receiving Votium incentives

• Establishes a clear line of precedence for others to not cross.

• Prevents the vlCVX from being used for further disguised actions.

Cons of taking action:

• Revoking voting power can be perceived as against the laissez-faire ethos of DeFi.

• Does not stop the selling of the CVX tokens in the future when it unlocks.

• Does not prevent the receiving of cvxCRV rewards.

Off-Chain Vote

Vote To Remove vlCVX Rights
36.12K 98%
Vote To Take No Action
737.03 2%
Download mobile app to vote

Timeline

Nov 12, 2021Proposal created
Nov 12, 2021Proposal vote started
Nov 16, 2021Proposal vote ended
Oct 26, 2023Proposal updated