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CLeverCLeverby0x561ADa4B0243F1d83dF80D1653E9F76E84128b0b0x561A…8b0b

CLIP01: Restructure delegation of CVX in CLever to increase yields and maximize CVX governance participation

Voting ended about 3 years agoSucceeded

This proposal is for current CVX depositors in CLever to consider a restructuring of CVX voting power which would involve the following steps:

Un-delegate deposited CVX from Votium Use an in-house algorithmic voting strategy to manually vote for maximum bribes each epoch (backtesting shows 5-9% yield improvement) Vest non-gauge governance with clevCVX holders (it is currently not exercised)

Full details of the proposal are available here: https://forum.aladdin.club/t/clever-improvement-proposal-01-restructure-delegation-of-cvx-in-clever-to-increase-yields-and-maximize-cvx-governance-participation/390

These changes do not affect any aspect of CLever depositors’ experience except to increase their yields since non-gauge governance power of deposited CVX is not currently exercised.

This change is designed to both increase the yield for CVX depositors as well as focus the CLever CVX product around maximum yield, while tapping into the governance structure of veCLEV to ensure that non-gauge CVX governance power is exercised thoughtfully and in the best interests of CLever’s community rather than forfeited.

FOR: Implement the described changes AGAINST: Make no change: CVX delegation remains with Votium and non-gauge CVX governance remains un-exercised

Off-Chain Vote

FOR
337.98K vlCVX100%
AGAINST
0 vlCVX0%
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Timeline

Mar 15, 2023Proposal created
Mar 15, 2023Proposal vote started
Mar 22, 2023Proposal vote ended
Oct 26, 2023Proposal updated