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CLeverCLeverby0x38a93e70b0D8343657f802C1c3Fdb06aC8F8fe99gordon123.eth

CIP06: Disable CVX option for repayment of clevCVX loans

Voting ended almost 2 years agoSucceeded

Motivation:

CLever loans can currently be repaid in either CVX or clevCVX. Repayment in CVX causes the CVX to be sent to the furnace, which resets the 14 day burn distribution and has led to friction in terms of UI/UX of the furnace. Additionally, repayment of loans in CVX is much more expensive than repayment in clevCVX. By eliminating CVX as a repayment option, the furnace burn rate will be much smoother and consistent, and users will no longer pay a premium when repaying their clevCVX loans in CVX.

Proposal:

Disable CVX option for repayment of clevCVX loans.

For: Eliminate the option of repaying clevCVX loans in CVX Against: Do Nothing

Off-Chain Vote

For
20.92K veCLEV100%
Against
0 veCLEV0%
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Timeline

May 27, 2024Proposal created
May 27, 2024Proposal vote started
Jun 03, 2024Proposal vote ended
Feb 04, 2026Proposal updated