PIP-60 Add more CVX to the treasury

Abstract

Allow to DAO to spend $5m USD of the treasury stablecoins to acquire more CVX. The CVX will be used to vote on the pools with the synthetic assets of JPEG’d.

Background

The DAO uses CVX to direct CVX and CRV emissions on the different pETH and PUSd pools. This allows borrowers to have high APR on the curve pools that are used for pETH and PUSd.

Increasing the voting capacity would allow the DAO to ensure higher yield for Borrowers.

Specifications

Allow the JPEG’d Multisig to spend 5,000,000.00 USD worth of stablecoins to buy CVX.