CIP #5 - Amendment | Lock $CVG on behalf of the proto-DAO

This proposal is an amendment to the CIP #5.

—- Summary -— Buyback $10,000 worth of $CVG with the POD, and lock tokens on behalf of the proto-DAO.

—- Rationale -— To direct $CVG emissions to strategic staking pools, we propose to buy $10,000 worth of $CVG to lock them on behalf of the proto-DAO (100% veCVG).

100% of the voting power would be deployed:

• 50% for CRV;
• 50% for cvgSDT.

These are the pools where we need the most incentives. CRV is the biggest pool on Stake DAO and thus, it is where we can attract the most TVL, and cvgSDT is crucial to maintain the veBoost.

—- Means -— Buy $10,000 worth of $CVG with the POD, lock tokens, and display votes as proposed.

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