[OIP 4: Proposal to bond CVX]

Summary DiamondDAO will list bonds for CONVEX. This would allow users to deposit CVX in return for discounted DMND.

Snapshot Period The polling process begins now and will run for at least 48 hours (ending Jan 24th 2022 at 4 pm EST). If passed, CVX bonds will be available as soon as possible.

For: Approve CVX bonding Against: Do nothing

Why bond CVX? After receiving bonds of CVX, we would lock it for 16 weeks to receive vlCVX. vlCVX is used to vote on how Convex Finance allocates their voting power. It can be locked to earn yield in the form of bribes by delegating votes to Votium. Yield is paid out every two weeks in the form of the tokens used for bribes. Past examples are $SPELL, $FXS, $LUNA, $ALCS, $CVX, $CRV, and more. Actually APR many vary, but it has been consistently over 50%. Bribes have increased every round.