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Origin DeFiOrigin DeFiby0x57B0DD7967955c92b6e34A038b47Fee63E1eFd1ajoshfraser.eth

Claiming protocol owned vePRISMA

Voting ended over 2 years agoSucceeded

The protocol is eligible to claim 686 vePRISMA thanks to our holdings of protocol owned CVX. The dollar value is only $478, but we still need to decide what to do with it since we don't have a standard process in place for how to handle airdrops like this.

OETH is currently being considered for onboarding with Prisma. The LlamaRisk team have already down an in-depth review and given their thumbs up on using OETH as collateral. If this goes through, there's a good chance we're going to want the protocol to stack vePRISMA to drive future emissions to our pool.

We can claim our vePRISMA on Prisma, but it will be locked for 1 year. We can also claim via Convex to get liquid cvxPRISMA. If we choose that option, we then need to decide whether to hold, sell for more ETH (yield for OETH holders), sell for more OGV (rewards for veOGV stakers), or sell for more CVX (flywheel investment).

The dollar value might be low, but this is a good chance for us to set precedent and get community input on how we might want to handle future airdrops.

Off-Chain Vote

Claim vePRISMA on Prisma
14.01M veOGV13.9%
Claim cvxPRISMA on Convex
87.07M veOGV86.1%
Sell for ETH (yield for OETH)
0 veOGV0%
Sell for OGV (staking rewards)
0 veOGV0%
Sell for CVX (flywheel investmt)
0 veOGV0%
Quorum:202%
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Timeline

Nov 09, 2023Proposal created
Nov 09, 2023Proposal vote started
Nov 11, 2023Proposal vote ended
Jul 02, 2025Proposal updated