Quorum: 10% veCLEV

Summary

• Boosting Fee Adjustment: Increase fees from 17% to 20%.
• vlCVX boost share adjustment: reduce vlCVX share from 7% to 5%.
• Treasury Share Adjustment: The remaining 5% of boost fees go to the Treasury.
• Treasury veFXS fee: add a 5% fee on veFXS fee revenue to the Treasury.

Abstract

We have strengthened our treasury through fee revenue from CRV and FPIS, allowing the creation of protocol-owned liquidity (POL) for assets like cvxCRV and cvxFPIS. Now, we would like to further strengthen the Treasury through FXS protocol fees, allowing us to create things such as a cvxFXS POL position.

Motivation

By taking additional boost fees and having an additional 5% fee on veFXS revenue fees, we will have a steady stream of income for our treasury that can then be used for things such as the creation of a POL for cvxFXS, further strengthening our treasury and Convex as a whole. These fee adjustments will help increase the overall sustainability of the Convex FXS Boosting platform.