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Convergence DAOConvergence DAOby0x505FB4560914eA9c3af22b75ca55c3881472ae450x505F…ae45

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

Voting ended about 2 years agoSucceeded

—- Summary -— Lock 25,000 $CVG (100% veCVG) on behalf of the proto-DAO.

—- Rationale -— To direct $CVG emissions to strategic staking pools, we propose to lock 25,000 $CVG fully allocated to 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 -— Lock 25,000 $CVG with the DAO treasury and display votes as proposed.

—- 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
13 CVG100%
Reject the proposal
0 CVG0%
Abstain
0 CVG0%
Do not take part in the vote
0 CVG0%
Download mobile app to vote

Timeline

Feb 11, 2024Proposal created
Feb 11, 2024Proposal vote started
Feb 13, 2024Proposal vote ended
Feb 14, 2024Proposal updated