[CIP] CNC Distribution for Curve CNC/ETH Gauge

Quorum: 269.08k vlCNC

Author: r2d2 (Conic Finance)

Summary

This vote is to decide how CNC emissions should be distributed to incentivize liquidity in the CNC/ETH Curve pool once the Curve gauge goes live. The current contract that handles CNC emissions will be shut down, as it does not support claiming and distributing CRV and CVX when Curve CNC/ETH LP tokens get staked.

The outcome of this vote will be enforced once the gauge goes live until April 6th, 2023, which is when the inflation rate decays. The community should then evaluate how successful the outcome has been and decide on how to proceed longer term.

There are three options:

1. Use CNC to pay out bribes to vlCVX and/or veCRV holders.
2. Use CNC as extra rewards for LPs in the Curve CNC/ETH pool.
3. Do a split between both options 1. and 2.

Depending on the outcome of this vote, there could be another set of votes to determine (i) which platform should be used to pay out bribes (if option 1 or 3 passes), and (ii) the split of how much should be paid out as bribes vs extra incentives (if option 3 passes).

This proposal was first discussed in the Conic governance forum here: https://gov.conic.finance/t/distribution-of-cnc-rewards-once-amm-staker-gets-shutdown/74