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Convex FinanceConvex Financeby0x724061efDFef4a421e8be05133ad24922D07b5Bf0x7240…b5Bf

[PRISMA] [PIP-035] A Path forward after the security incident

Voting ended almost 2 years agoSucceeded

Quorum: 8.61m CVX

Passing of this proposal overrules [PIP-034], thereby voiding the decision to pause protocol fee distribution to vePRISMA holders in favour of temporarily reducing the fee distribution.

If this proposal passes, the following changes will occur within the Prisma Protocol:

  • Reduce the weekly protocol-owned liquidity (POL) amount from $40k to $0.
  • Reduce the weekly amount distributed to vePRISMA holders by half, from $160k to $80k.
  • As new information comes in about this situation, we will also commit to revisiting these parameter changes 1 week after passage.

Read more: https://gov.prismafinance.com/t/a-path-forward-after-the-security-incident/157

Off-Chain Vote

Yes
9.34M CVX100%
No
0 CVX0%
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Timeline

Apr 01, 2024Proposal created
Apr 01, 2024Proposal vote started
Apr 04, 2024Proposal vote ended
Apr 04, 2024Proposal updated