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Origin ProtocolOrigin Protocolby0x17768cFd6030e2B65Eb5086e34A512fDe5DC1F1fdanielvf.eth

Upgrade OUSD 3Pool Strategy to use Convex?

Voting ended over 4 years agoSucceeded

Currently OUSD’s Curve 3Pool strategy uses the official Curve gauge to stake 3CRV LP tokens in. By switching to staking 3CRV with Convex, we would expect to get approximately a 2.5x increase in strategy APY. This gain is from the Convex CRV boosting as well as selling CRVX reward tokens.

This would add some risk exposure from adding another project as a dependency. However Convex is from the same team behind Curve, and currently Convex has 4.8 billion dollars in it.

Off-Chain Vote

For
1.45M 88.4%
Against
189.72K 11.6%
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Timeline

Aug 02, 2021Proposal created
Aug 03, 2021Proposal vote started
Aug 10, 2021Proposal vote ended
Oct 26, 2023Proposal updated