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Convergence DAOConvergence DAOby0x505FB4560914eA9c3af22b75ca55c3881472ae450x505F…ae45

CIP #9 - Modify ysCVG rewards distribution

Voting ended almost 2 years agoSucceeded

—- Summary -—

Restrain ysCVG rewards to the following tokens: CRV, FXS, and CVX. Implement a streaming method to distribute rewards.

—- Rationale -—

Since we are not directly farming PRISMA nor CNC, we propose to limit the cohort of ysCVG tokens to the following assets: CRV, CVX, and FXS.

Reducing the number of tokens would reduce gas costs for claiming, and potentially make ysCVG more attractive, as most Curve ecosystem players are mostly focused on these 3 tokens only.

All farmed SDT would be directed back to the upcoming staked CVG primitive (stkCVG).

We also propose to stream rewards instead of dropping them once every 3 months. Lockers would then start earning immediately.

—- Means -—

Rebalance POD holdings and implement a new version of the ysDistributor contract.

—- Vote -—

1- Adopt the proposal; 2- Reject the proposal; 3- Abstain; 4- Do not take part in the vote.

Off-Chain Vote

Adopt the proposal
14 CVG100%
Reject the proposal
0 CVG0%
Abstain
0 CVG0%
Do not take part in the vote
0 CVG0%
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Timeline

Mar 29, 2024Proposal created
Mar 29, 2024Proposal vote started
Mar 31, 2024Proposal vote ended
Mar 31, 2024Proposal updated