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Convex FinanceConvex Financeby0x724061efDFef4a421e8be05133ad24922D07b5Bf0x7240…b5Bf

[PRISMA] [PIP-011] Increase CurveProxy.crvFeePct to 50%

Voting ended over 2 years agoSucceeded

Quorum: 7.88m CVX

Since the launch of Prisma, the DAO’s veCRV position has only grown by 10,411.41 CRV. Currently the CRV emissions for LP receivers are very small, usually less than 1%. I believe that right now depositors are attracted to PRISMA and not CRV, and so a substantial increase in the fee will not have a negative effect on TVL.

PRISMA emissions will not stay high forever. In this initial period with such high emissions, I feel the DAO should be capturing as much CRV as possible for itself. In the future when yields decrease, we can lower the fee, and we will be glad to have extra veCRV to vote for more emissions for Prisma!

Read more: https://gov.prismafinance.com/t/pip-011-increase-curveproxy-crvfeepct-to-50/79

Off-Chain Vote

Increase to 100%
3.39M CVX28.3%
Increase to 50%
10.25K CVX0.1%
Increase to 20%
8.59M CVX71.6%
No change (5%)
0 CVX0%
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Timeline

Nov 26, 2023Proposal created
Nov 26, 2023Proposal vote started
Nov 29, 2023Proposal vote ended
Nov 29, 2023Proposal updated